Gold Nears Short-Term Top, Raising Two Possible Scenarios For Bitcoin

The precious metal gold and its digital counterpart, Bitcoin, have been in a safe haven arms race for two-plus years now. The two assets became even more tightly correlated starting on Black Thursday, as investors scrambled searching for the best hedge against inflation. The original safe haven asset’s uptrend may be coming to an end, or at least preparing for a significant pullback. Could the ongoing correlation make a gold collapse dangerous for crypto? Or […]
Bitcoinist.com

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Author: toutiao