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
Between the price of gold and the price of bitcoin, there is no relationship and can not be. These are completely different carriers of values. They have completely different status, nature and functions. The gold rate reflects the state of the world economy. Bitcoin has little to do with this. Therefore, in practice, they do not overlap.