Apparently there is not enough money in the markets these days for the movements of simultaneous bulls in gold and its digital counterpart .
Namely, Gold has seen what seems to be new records daily during the last weeks. Meanwhile, Bitcoin, despite living in a world with the same bullish catalysts: relieve monetary policy, ETF tickets, increased corporate adoption) has not been able to get out of its own path.
The action suggests that Bitcoin may not be able to move to a new sustained increase until investors cool in the yellow metal.
In fact, Gold Wednesday is having a weird day in El Red, 1.5% at $ 3,759 per ounce, perhaps “allowing” that Bitcoin has what seems like an equally rare positive session, 1.7% at $ 113,7000.
The long -term table tells a different story
Although Gold and Bitcoin may seem moving in opposite directions at this stage of the cycle, the logic seems to dictate that both assets, given their appeal as hedges against expenditure and inflation of excessive government, should at least a follow -up of longer periods.
That seems to be the case. Gold to date to date has gained 42% easily exceeding 22% of Bitcoin, but at least showing both moving in the same direction. Returning at the beginning of 2024, gold is higher by 82% against the advance of 155% of Bitcoin.
And since the beginning of 2023, Gold has more than duplicate, while Bitcoin has increased more than six times (although that is measured from almost the lower part of the cryptographic winter of 2022).
