Note:
in 2021, gold and crypto have a negative correlation.
In this article I am writing a personal opinion.
I think there is a flow from crypto to gold.
BTC/USD daily.
Gold by day.
Considering the trend towards banning crypto (the next country to introduce criminal penalties for transactions in crypto will probably be India) and the tightening of monetary policy in the world,
the cryptocurrency will be below current levels.
Also, crypt is an indicator of market sentiment (it grows in anticipation of QE and money supply growth).
Respectfully,
Oleg.
Read this:
Bitcoin's correlation with the S&P 500 is growing, while with gold it is falling
Growth of the crypto market volume – one of the reasons for the correction in gold, analysis of the dynamics of the crypto market volume
Cue ball: usd / btc, bitcoin and gold
“super-experts” who certainly know why gold and crypto went into correction. And everything would be fine, but as a rule, all their attempts happen after the fact.
Trading signals! | Crypt. We crawl without kickbacks.
Correlation of BTC and Gold Prices as a Store of Value