Bitcoin got the gold memo

Bitcoin’s price got the memo – if gold is going higher, so too should the digital version of a dollar hedge (allegedly a dollar hedge)… I put this together quickly in YCharts – on a rolling 30-day basis, we’re back at 5-year highs for correlation between Bitcoin and gold prices as the dollar falls. The United States is on the precipice of joining a very exclusive club – we’re hea...

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source https://thereformedbroker.com/2020/07/28/bitcoin-got-the-gold-memo/