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Author Topic: GOLD - BITCOIN negative correlation?!?!  (Read 507 times)
sulkair
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November 02, 2015, 05:43:43 PM
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Hi guys, first time poster here.

I'm sure this has been discussed before.  But after nearly a year of fairly stable prices I thought I'd look at the correlation between Gold and BTC.  I'm comparing two 6 month charts.

Seems pretty hard to argue against.  Don't they look inversely correlated?

Why would this be?Huh  Isn't Gold and BTC both a hedge against Fiat?  Why wouldn't they follow one another?

See charts:

http://bugalien.com/wp-content/uploads/2015/11/Screenshot-2015-11-02-10.28.53.png

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