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Bitcoin & Alts Crash | Battle For Crypto | Live panel with Noelle Acheson, Dan Gunsberg and Steven McClurg.

The Wolf Of All Streets

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The Correlation Between Bitcoin and Gold Prices

A lot of them invested massively at the top of the bull market just because that's how the cycles go. They bought all these machines at a price five times more than it is now to scale. Now, when they're coming online, prices down, difficulty is that historic highs. I want to dig into this correlation. When stocks, tech stops drop, we get a strong correlation with Bitcoin going down. But when tech stocks are going up, we've de-correlated or seeing this high correlation to gold,. which is exactly where we don't want to be in theory.

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