In comparison to $BTC , gold has a low to moderate positive correlation. During times of geopolitical uncertainty, both are seen as safe-haven assets, but gold tends to be the preferred choice. Bitcoin, on the other hand, is considered a "risk-on" asset, typically bought when investors are willing to take on more risk, while gold is viewed as a "risk-off" asset, bought during periods of economic fear. Currently, the charts show gold rising while Bitcoin is forming lower highs, suggesting a lack of correlation at the moment.
Will #Bitcoin catch up?