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The price of gold priced in ₿, keeps falling. See also https://www.longtermtrends.net/bitcoin-vs-gold/ https://www.longtermtrends.net/bitcoin-vs-gold/
by janandonly 3y ago
The price of gold priced in ₿, keeps falling.
See also https://www.longtermtrends.net/bitcoin-vs-gold/ https://www.longtermtrends.net/bitcoin-vs-gold/
- gnicholas 3y agoThanks for the link I guess I was wondering if bitcoin vs USD and gold vs USD have similarities. I remember thinking they would, but then finding out that at least during certain periods, bitcoin was boosted by low interest rates, as people would borrow money to bet on bitcoin. That led bitcoin to drop when interest rates went up. I'm curious if the correlation is generally positive (as people seek both when getting out of cash) or negative (for the reason described above).