Becoming a Safe Haven: A Year of Bitcoin Correlation With Gold

News BTC | Mar 26, 2020 at 5:00 PM
  • The narrative surrounding Bitcoin has often changed, starting as a peer-to-peer form of digital cash, to a store of value, and eventually, to a safe haven asset like gold.
  • As the year went on, Bitcoin continued to follow gold’s growth, tracking alongside the precious metal and solidifying the safe haven narrative.
  • And although in recent weeks as the coronavirus pandemic began to spread and fears over an economic collapse began to turn into reality, gold has begun to slightly outpace Bitcoin is holding value during the recent selloff, the correlation continues.