The correlation of BTC with gold is gaining momentum.
The increasing correlation between bitcoin and gold tells us that investors are beginning to consider BTC a safer asset.
According to strategists at Bank of America, the appeal of bitcoin is growing and more and more people think of BTC as digital gold.
And in general, there are too many correlations with the S&P 500, the Nasdaq, gold, the technology sector, and the dollar.
Do you hold BTC?
Sure!
Nope… I don’t..
