Are there any relationship between Gold and Bitcoin ?

[iv4n]

Peter Schiff wins debate over whether gold is a better store of value than BTC - https://cointelegraph.com/news/peter-schiff-wins-debate-over-whether-gold-is-a-better-store-of-value-than-btc

Schiff was facing off against Skybridge founder and former politician Anthony Scaramucci in a debate hosted by Intelligence Squared on Wednesday

Interesting debate, I can't say I agree with the winner, I belong to the group that would vote for Bitcoin! But looks like the majority of people still prefer gold over crypto, Bitcoin specifically! If you read the article you can see the main arguments from both sides and decide who has better ones by yourself!

Gold and Bitcoin are stores of value, both in their own way! Gold can be used for other things, while Bitcoin lives only in a digital way! But I think Bitcoin has its own advantages, that will be more welcomed in the future! If you hear what Schiff has to say, you will see why people prefer gold, but I believe they are not aware of the future that's coming!

[chichigirl]

Hello Everyone,
Wish you a Merry Christmas!

I am a crypto trader as well as a forex trader. I started working on forex recently. I saw some relationship between BTC and Gold. When the BTC pump Gold will fall. On the other hand when a Gold pumps, Btc down. Are there any who noticed this?

Both have some value and different usage but I think the price of gold amd bitcoin doesnt have any effect with each other.

[24Kt]

I Don't think there is a relation between  them both are the kings of different markets.  So they pumps and dumps in their own way

They have their own respective markets so I believe, they exist independently with each other. Besides, gold market has been here for centuries and it is one of the established markets globally. Gold doesn't need bitcoin to survive but on the other note, bitcoin needs gold. Because miners are using these equipments that require gold as integral component of the equipment.

[BuNga_cute]

Hello Everyone,
Wish you a Merry Christmas!

I am a crypto trader as well as a forex trader. I started working on forex recently. I saw some relationship between BTC and Gold. When the BTC pump Gold will fall. On the other hand when a Gold pumps, Btc down. Are there any who noticed this?

Both have some value and different usage but I think the price of gold amd bitcoin doesnt have any effect with each other.

There is no relationship between Bitcoin and Gold, so the price movements of the two are not related at all, Bitcoin and Gold have different markets.
Because their uses are also different, indeed Bitcoin and Gold have similarities, but that doesn't mean they influence each other. So investing in both
will provide maximum profit for us as investors, Gold and Bitcoin are both very profitable assets if held long term. But because the price of Bitcoin is
much more volatile than Gold, I am currently only focusing on investing in Bitcoin. Because I think investing in Bitcoin can generate a much bigger
profit than investing in Gold.

[Cherylstar86]

Hello Everyone,
Wish you a Merry Christmas!

I am a crypto trader as well as a forex trader. I started working on forex recently. I saw some relationship between BTC and Gold. When the BTC pump Gold will fall. On the other hand when a Gold pumps, Btc down. Are there any who noticed this?

Both have some value and different usage but I think the price of gold amd bitcoin doesnt have any effect with each other.

There is no relationship between Bitcoin and Gold, so the price movements of the two are not related at all, Bitcoin and Gold have different markets.
Because their uses are also different, indeed Bitcoin and Gold have similarities, but that doesn't mean they influence each other. So investing in both
will provide maximum profit for us as investors, Gold and Bitcoin are both very profitable assets if held long term. But because the price of Bitcoin is
much more volatile than Gold, I am currently only focusing on investing in Bitcoin. Because I think investing in Bitcoin can generate a much bigger
profit than investing in Gold.

Indeed. They don't have any correlation with each other. It might just a coincidence that bitcoin pumps and gold dumps. In the first place, they are far too different and having relationship with each other might not be possible. Inflation of gold is not also related with the volatile market of bitcoin. But I think BTC is on the way to become digital gold. With more years pass people treat it liket that.