Positive correlation between Bitcoin and gold assets hits all-time high on December 2

According to asset management company CresCat Capital, on December 2, the positive correlation between the two assets, Bitcoin and Gold, reached a peak of 0.3. The correlation between Bitcoin and gold has been rising for most of 2019. Gold surged to a six-year high approaching $ 1,560 in early September this year, and despite the current fall, it is still up 14% year-to-date. In terms of Bitcoin, although the price is now far below the historical high of nearly 20,000 US dollars, it has almost doubled this year.