In February and March, Bitcoin and gold prices reached their lowest levels in a year, with Bitcoin losing more than half of its value and gold falling by several hundred dollars. However, in the next two months, assets grew in parallel with each other – BTC reached the level of $9,000, and gold – above $1,700.
We noted that the correlation of the price of Bitcoin with traditional assets began to grow during the crisis caused by the coronavirus pandemic. Most importantly, the correlation of BTC with gold has reached a level that was not previously observed. We believe that this can further strengthen the potential of cryptocurrency as "digital gold".said in VanEck
Supporters of Bitcoin are sure that "digital gold" will become more expensive during the crisis.
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