Analysts record an increase in the correlation between gold and Bitcoin and expect an increase in the price of BTCThe fact that Bitcoin is falling in price today does not matter to most investorsNobody remembers who and when called Bitcoin digital gold. For a long time, such statements caused a smile, because the asset rapidly rose in price, and then fell to the very bottom, ruining investors and becoming the ruin of a career for traders. It seems that time is putting everything in its place, as a new report from the manager of the analytical company Fidelity proves. It is noted that the correlation between the prices of Bitcoin and gold in 2023 has grown to record levels. According to the study, this phenomenon represents a significant turn in the dynamics of markets, especially given the traditional trends of an inverse relationship between cryptocurrencies and precious metals. Fidelity's analysis found that Bitcoin has broken out of a previously observed inverse relationship with interest rates.
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