BTC and Gold Correlated??? Maybe Inversely!
I've heard a few people saying these two markets (bitcoin and gold) are positively correlated. Without doing any sophisticated statistical analysis creating a regression and covariance of historical price, let's keep things simple. DOES THIS CHART INDICATE PRICE IS POSITIVELY CORRELATED?? Not even close.
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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.