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
there might be some factors that are driving both prices, but I would personally expect to see the correlation the way that when gold price is decreasing, the price of bitcoin is growing. Instability on traditional markets usually lets the bitcoin to thrive.