Despite Bitcoin “Gold 2.0” Narrative, Long-Term Correlation With Gold Remains Loose

The traditional equities markets have been caught in a tailspin over the past couple of days due to increasing tensions between the U.S. and China that have escalated the trade war into a full-fledged currency war. At the same time, Bitcoin (BTC) has been incurring decent upwards momentum, which has strengthened the “digital Gold” narrative.
Despite this, one analyst is quick to note that Bitcoin’s correlation with Gold still remains fairly loose, making it speculative to belie