Analyst Debunks Gold-Bitcoin Correlation Myth, Explains Why Rotation Theory Fails

TLDR: Gold and Bitcoin show no stable correlation across market cycles, often moving independently.  Gold functions as risk-off asset while Bitcoin operates as risk-on, driven by different factors.  Capital doesn’t rotate mechanically from gold to Bitcoin when precious metals peak, data shows.  Bitcoin rallies require liquidity expansion, not just rotation away from gold or other [...]

The post Analyst Debunks Gold-Bitcoin Correlation Myth, Explains Why Rotation Theory Fails appeared first on Blockonomi.