THE RELATIONSHIP BETWEEN BETWEEN CRYPTOCURRENCY AND GOLD
courtesy bitcoinmedia
Anyone familiar with cryptocurrencies is pretty much aware of how volatile the market is; one moment you are basking in the euphoria of some huge profit, the next moment you are in the red, such is the nature of the wild wild west of the cryptocurrency world. Gold on the other hand, is a much more stable store of value,over the long term. Financial executives and researchers believe bitcoin and gold have an inverse relationship, it has been noticed over the years that, when the value of cryptocurrencies go up, the gold markets slumped and vice versa. It is also believed that the creation of the bitcoin futures markett has made this situation more pronounced read more here.
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