Bitcoin And Gold Rising And Falling In Tandem Lately?
As time moves on, I truly believe we will see more and more embrace Bitcoin over gold – do I even need to cite the reasons why Bitcoin is just better in 2020?
Full article here: https://www.newsbtc.com/2020/03/03/gold-bitcoin-tandem-heres-why/
If the precious metal happens to collapse, it could signal a fall in Bitcoin as well. But much of this depends on the overall health of the global economy.
With the stock market tanking, the coronavirus spreading, and fiat currencies on the brink of destruction, Bitcoin and gold will likely continue to stay correlated and rise as the capital flows out from traditional markets into the two safe havens.