#Gold /
BTC
(Digital Gold) correlation 🪙
Recently, we have seen a record-strong positive correlation. This is visible in the Spearman correlation, there are much more green bars in the 2-month period. Both of these assets play the role of a defensive asset🛡️
💡Why is gold growing? The main reasons are geopolitical instability, macroeconomics, and the growth of gold purchases by some countries with large economies, which decided to reduce dependence on US government bonds.
BTC
(Digital Gold) correlation 🪙 Recently, we have seen a record-strong positive correlation. This is visible in the Spearman correlation, there are much more green bars in the 2-month period. Both of these assets play the role of a defensive asset🛡️
💡Why is gold growing? The main reasons are geopolitical instability, macroeconomics, and the growth of gold purchases by some countries with large economies, which decided to reduce dependence on US government bonds.