Bitcoin's Correlation With Gold, Ether, And Stocks Down; Shall BTC Investors Worry?

The decreasing correlation between Bitcoin and gold shows that the frequently stated objective of turning Bitcoin into a store of value comparable to digital gold is still far off. Analyst and Head of Research at Investoo, Dan Ashmore. warned the investors in a blog and said the crypto markets went into meltdown last month as a result of the correlation between gold and Bitcoin falling to its lowest level since the FTX collapse in November, while the rest of the financial world traded rather calmly, including gold.