The 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 […] The post Bitcoin and Gold Correlation Reaches Record High 70%, Bolstering BTC’s Store of Value Credentials appeared first on Bitcoin News.
Bitcoin and Gold Correlation Reaches Record High 70%, Bolstering BTC's Store of Value Credentials
Bitcoin.com - 12 Aug 2020 23:30
The 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 […] The post Bitcoin and Gold Correlation Reaches Record High 70%, Bolstering BTC’s Store of Value Credentials appeared first on Bitcoin News.
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