Hi folks,
I'm new posting here but old investor. I was wondering if there's a direct correlation between bitcoin price and
www.bitcoin.com and Gold price
www.goldprice.com .
If you look at the charts in evident that gold started to drop when bitcoin did or vice versa? Is there any systematic correlation?
Thanks in advance
Absolutely, they do not have any relevance. Conversely, bitcoins and gold contrast. Gold has real value and it is a precious metal, it is not subject to any change, in contrast, bitcoin is heavily modified.