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Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: Btceth01 on January 11, 2021, 04:10:03 AM

Title: Experts: Gold outflows are pushing Bitcoin higher
Post by: Btceth01 on January 11, 2021, 04:10:03 AM

According to multiple experts, one possible reason for Bitcoin’s remarkable recent price rise are massive investor outflows from another popular inflation hedge: gold.

Spot gold swooned over the past week, falling 4.62% to $1,857. The asset previously had been surging in unison with Bitcoin, which is up over 40% from $28,000 lows last week.more info (https://cointelegraph.com/news/experts-gold-outflows-are-leading-bitcoin-higher)