Bitcoin is following Gold as both assets are seen as a form of Hedge
against the various governments and monetary policies.
Especially in the uncertainty caused by the Trade war
the decentralized nature of Bitcoin
and the fact that Bitcoin has been accepted lately by the financial institutions
are some of the reasons why we have seen this incredible rise this year.
As long as this Trade War goes on we would still see Bitcoin and Gold rise in this visual correlation.
against the various governments and monetary policies.
Especially in the uncertainty caused by the Trade war
the decentralized nature of Bitcoin
and the fact that Bitcoin has been accepted lately by the financial institutions
are some of the reasons why we have seen this incredible rise this year.
As long as this Trade War goes on we would still see Bitcoin and Gold rise in this visual correlation.
Note
Feel free to put a like , follow or comment.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.