Analysis: Although the fluctuation of Bitcoin is more intense than gold, its hedging properties have gradually emerged.

On the evening of August 6, the financial industry foreign exchange published an article "Analysis of the trend of gold and bitcoin in the first half of 2019 – who is the king of risk? 》. The article pointed out that Bitcoin continued to fluctuate downward after experiencing a sharp rise in 2017. At the end of 2018, steady price increases began, and began to rise steadily in 2019, and in a few paragraphs, it is very similar to the price trend of gold. Since June 20th, gold has ushered in a series of shocks. Bitcoin pushed the price up to nearly $14,000 on June 26 after the gold broke new high, and then ushered in a continuous decline, and the price once fell below 10,000 yuan. Gold and Bitcoin have some very similar trends at some critical points. And the past development history of Bitcoin is in a long and amazing bull market. Although the fluctuation of Bitcoin is more intense than gold, its hedging property has gradually emerged.