The reality is true, and given some of the fundamentals characteristic of both origins, that may be.
Many analysts said that the Bitcoin link with gold may add to it more traders on global exchanges.
At the moment, there is no incentive to spend Bitcoin, for print, hardcopy which will ultimately lead to a devaluation.
This makes it reasonable for people to keep Bitcoin from the beginning of the year it was sold because its marketing value may decrease. We have moved to print bitcoin, and this directly contradicts what Satoshi Nakamoto intended for bitcoin.
As Bitcoin was planned to be a peer-to-peer electronic cash system, meaning the use of Bitcoin as a means of exchange and not as an investment tool stored in the holders' portfolios.
Bitcoin's reputation for the crash of traditional financial markets was shaken in March as a result of the spread of the Corona virus, as the price of bitcoin followed the price of shares, and it also fell to low levels.
Which spreads optimism in the souls, as the presence of Bitcoin in tracking global markets makes it a realistic and traded currency for many investors
Then, for a period of time, the price of Bitcoin aligned with the stock market, to get rid of its dependence later and to fly higher with gold and silver.
Bitcoin's gold correlation is all-time high:
Observing the way Bitcoin handles it is nice because it has been noted that Bitcoin's performance has been linked to traditional markets for a long time.
As shown in the graph in the graph, the previous chart, bitcoin's decline.
Yesterday, gold prices reached an all-time high above $ 2000.
The trading rate on the trading index after it has been getting a trading rate of 40% since then.
Data from Skew also shows, the relationship between Bitcoin and gold is at an all-time high.
Nikolaus Panitzoglou, a manager of a strategic team at the bank, concluded the generation of births in 1946 and 1960, and within it the investment in gold and government bonds, public habits are "safe" and lesser.
On the contrary, younger generations are seeking to invest larger sums in the more valuable assets that are stocks and bitcoin.