Let's look into how the relationship between Gold and Bitcoin?

1. A comparison between the gold and bitcoin chart after Covid 2020... and also 2017 We note that gold when it went up and then went down, we see that the bitcoin started to rise strongly after the gold went down and we see the inverse relationship between them, and also when it started to go down again, the bitcoin continued to rise after the correction of the month of 2 when the gold rebounded and tried to rise

 

And here 2017:

 

Updated prices here we see Gold continue down-trend while Bitcoin tries to break its trend to upside:
October 

Now, lets look into the overall return since Covid19:
I always like to show Bitcoin return vs Gold return to all old school investors out there.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.