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Bitcoin and gold correlation – DIGIT INFO https://www.digit.info Bookmarking Crypto Insights Wed, 12 Aug 2020 21:45:43 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://www.digit.info/wp-content/uploads/2024/07/cropped-61589-32x32.png Bitcoin and gold correlation – DIGIT INFO https://www.digit.info 32 32 Bitcoin and Gold Correlation Reaches Record High 70%, Bolstering BTC’s Store of Value Credentials https://www.digit.info/bitcoin-and-gold-correlation-reaches-record-high-70-bolstering-btcs-store-of-value-credentials/ Wed, 12 Aug 2020 21:45:43 +0000 https://www.digit.info/2020/08/12/bitcoin-and-gold-correlation-reaches-record-high-70-bolstering-btcs-store-of-value-credentials/ Read more]]>

Bitcoin and Gold Correlation Reaches Record High 70%, Bolstering BTC's Store of Value CredentialsThe prices of bitcoin and gold have reached a monthly average correlation of 70%, an all-time-high, according to data analytics firm Skew. The previous peak of just under 60% was reached earlier on in the second quarter of 2020. Skew said the rising correlation supports the idea that bitcoin (BTC) is a store value, particularly […]

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