GLD & BTC Correlation?
I struggle to fully understand the connection here, if anything I would have thought the direct correlation between these two assets would exist. Flight to safe haven be it a cryptocurrency or an asset like gold, I would have thought the same fear drives these actions.
This chart is contrary to that view / idea, here we have seen a pronounced tracking since early 2015, before this its very supurious, I can only link its rise to the complications arising with monetary policy experimentation in the US coming to and end and bitcoin settling down from its explosion in value.
If anyone has any ideas here of whats going on and how its likely to develop going forward I would be interested to hear!
This chart is contrary to that view / idea, here we have seen a pronounced tracking since early 2015, before this its very supurious, I can only link its rise to the complications arising with monetary policy experimentation in the US coming to and end and bitcoin settling down from its explosion in value.
If anyone has any ideas here of whats going on and how its likely to develop going forward I would be interested to hear!
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