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BITCOIN VS GOLD? NOT ANYMORE. IT’S BITCOIN GOLD VS FIAT Gold just crossed $4,250 an ounce, its highest level ever & up almost 60% this year. #Bitcoin’s holding around $111,000, after cooling off from its $126K high earlier this month. Both are moving in the same direction, and that’s not random. CME and Bloomberg say the correlation between $BTC and gold has climbed to 0.85, near record highs. It’s the same behavior showing up in two different assets - investors looking for safety as confidence
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