Bitcoin-Gold Correlation Hits a 6-Year High: What's Going On?
BTC-gold correlation hits a 6-year high as Bitwise's Andre Dragosch sees institutional demand and dollar weakness fueling BTC's next rally.
Bitcoin and gold are moving together more than they have in six years, which suggests investors are treating them alike as protection when money feels uncertain. When two things move together, it can hint at what big investors are thinking about the economy.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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