Bitcoin and Gold Correlation Reaches Record High 70%, Bolstering BTC’s Store of Value Credentials

Bitcoin.com | Aug 12, 2020 at 11:30 PM
  • The prices of bitcoin and gold have reached a monthly average correlation of 70%, an all-time-high.
  • The previous peak of just under 60% was reached earlier on in the second quarter of 2020.
  • Both bitcoin and gold have risen sharply throughout 2020, driven by relentless fiat money printing by governments and central banks, keen to keep their economies afloat in the wake of the coronavirus pandemic.