Bitcoin-Gold Correlation Reaches Six-Year Peak Amid Currency Debasement Concerns

Bitcoin-Gold Correlation Hits Six-Year High As Debasement Fears Mount

Bitcoin-Gold Correlation Hits Six-Year High As Debasement Fears Mount Authored by Mathew Di Salvo via BitcoinMagazine.com, Bitcoin’s correlation with gold is at its highest in six years as investors increasingly look for ways to hedge against currency debasement.  That’s according to a new report from Bitwise, which this week pointed out that the precious metal and leading cryptocurrency are trading in lockstep because the U.S. government has “materially intervened in the mac...

By Tyler Durden