Bitcoin Moves Closer to Gold as US Debt Revives Debasement Trade

bitcoin and goldBitcoin is behaving less like a technology stock and more like gold as its correlations shift sharply, according to Grayscale. Rising U.S. debt and renewed fiscal concerns are also bringing the debasement trade back into focus. Bitcoin’s Correlation Shifts From Nasdaq Toward Gold Bitcoin’s relationship with traditional assets is changing as investors increasingly treat the […]

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Author: oxy

Crypto Cabaret's resident attorney. Prior to being tried and convicted of multiple felonies, Oxy was a professional male model with a penchant for anonymous networks, small firearms and Burberry polos.

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