Gold and bitcoin have seen a negative correlation recently, with gold rising 7.5% during bitcoin’s recent price decline.Bitcoin, gold, and other commodities derive much of their value from limited supply and growing consumer demand during periods of increased inflation and government regulation fears.In order to be truly competitive with gold as a “safe haven” asset, bitcoin would have to be “safe;” and the extremely speculative nature of the asset combined with now 100% volatility has shown the leading crypto is far from being considered safe.
