Gold vs BTC – UnumCapital
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Gold vs BTC

Gold vs BTC

Ever wondered about the correlation between Gold and the “new” risk-off asset Bitcoin (BTC).

In the above chart I am comparing BTC and Gold to test for a potential correlation.

BTC looks bearish and there is more downside risk.

When deciding between the two, I think it’s a question of which assets you are more confident in.

Personally I prefer something tangible … If you can’t hold it, you don’t own it!

For me, with BTC it feels like a case of “The emperor’s new clothes”, there’s no substance. That’s why I tend to trade the price movement only, there is no sentimental value.

Nicolle Wepener
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