PEOPLE, PEOPLE Let's get some financial education Here!
When gold Goes up and stock market then Bitcoin will go up too!!
Anything what u trade against fiat currency is asset.
Gold is asset btc is asset.
Assets dont have value without fiat currency!
Assets like a Bitcoin gold and even property are just the other side of APEX, it means they are the counter balance against fiat currency like USD.
In other words without fiat currency the gold has no value and neither btc has value.
What we know is When Gold price is high then inflation rate for fiat currency is high too.
Same Goes for Bitcoin!
Gold, stocks, property and btc are the Same asset class!!
When btc price Goes up it does not mean the btc price is going up.... It means, fiat currency quantity is bigger then btc quantity!
Same Goes for Gold, higher the price the higher the inflation for fiat!
I Hope I have described how it works Perfectly!
Merit will do Good
![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
but not Requirred.