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Bitcoin vs Gold… digital gold?

Bitcoin’s price action last two weeks seems to have been a leading indicator for gold. The last two weeks market commentators remarked how Bitcoin price was dropping while gold was rising… But now gold has pulled back to support in a dramatic move.

So now Bitcoin has now pulled back to a critical support level. If coronavirus situation gets worse and gold continues its upward path, bitcoin is going to have to decide whether it really is digital gold or not


July 2017 to 2020 March Comparison of Bitcoin to Gold - showing Bitcoin price drop leading Gold price drop

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