We have no way of truly attaching a hard value to an ounce of gold, and it is not used as a currency. However, faith in the metal itself keeps it valuable – the value of gold is in the minds of those trading it - Bitcoin is valuable because those
trading Bitcoin consider it to be valuable. Both are of limited quantity; both are considered a hedge; both are seen as an anti-fiat currency.
In many ways, Bitcoin seemed to be designed – whether intentionally or not – as a virtual form of gold. ]
I can only find their similiraties but in the eyes of most people, bitcoin and gold are in competition and would be trying to fight each other by increasing their values.
I can't agree with the part which says Both are limited quantity. Coz Bitcoin supply will end in 2140 and the date that Gold supply end is not declared yet. And the thing is I m not going to connect those two metal and Digital currency. I just have a point when the whales are moving between these two currencies the dumps and pumps occur. As an example please analyze both Gold and Bitcoin charts starting from last Monday. So you can see the difference and how the thing was going on.