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BITCOIN VS GOLD? NOT ANYMORE. IT’S BITCOIN + GOLD VS FIAT
Gold just crossed $4,250 an ounce, its highest level ever & up almost 60% this year. #Bitcoin’s holding around $111,000, after cooling off from its $126K high earlier this month.
Both are moving in the same direction, and that’s not random. CME and Bloomberg say the correlation between $BTC and gold has climbed to 0.85, near record highs.
It’s the same behavior showing up in two different assets - investors looking for safety as confidence in fiat starts to fade.
Central banks are hoarding gold. Institutions are quietly rotating into Bitcoin.
Gold signals fear. Bitcoin signals what comes next.
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