Positive Correlation Between Bitcoin and Gold Reached Record High
[ChainDD report] December 5 (ChainDD) According to the asset management company CresCat Capital, the positive correlation between Bitcoin and gold reached a maximum high of 0.3. For most of 2019, the correlation between bitcoin and gold has been rising. Gold has reached to a six-year high of near $1560 in early September and has risen 14 per cent so far in the year to date. On the other hand, the Bitcoin price is far below the historical high of nearly $20000, but it has almost doubled this year.