Bitcoin vs Gold - Strange Correlation

Hello Community,

I would like to share my very first idea here. It's probably more "food for thoughts".

To my idea:
This is a 15Minute Graph of Gold & Bitcoin

I recognized a correlation between Gold (and any other Big Metal) and Bitcoin .
I found this correlation actually at a much larger scale in a daily chart , but once I was "zooming" in the correlation got even more obvious.

My first observation brought me to the idea that money is beeing swapped between gold and bitcoin . But the fact that the approximate Market Cap of gold is somewhere around 7 Trillion USD makes this theory quite jabberwocky.

Anyway the correlation is there, but the reason must lie somewhere else. Maybe you have an idea?

Trade safe!
评论: Any Idea why the charts are screwed up once you load new bars?
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