hi yall I was wondering if theres any correlation between gold and bitcoin somehow. i see them moving apart sometime, Just a thought and answer would be nice
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Yes they are correlated
It’s crypto buy today 
Bitcoin broke 67665
So it’s gonna fly
Gold is zero yield asset, while BTC are high risk, first responds positive to the increase in risk-off market sentiment, the second tends to rally when propensity to taking the risk increases. Hence they should be mostly inversely correlated.
They are positively correlated
Bitcoin going up now it can’t break 66762 so now it’s going up to the moon for months
Hi @PRETTI, your question is a little bit tricky to answer. I will show you the fact.
XAUUSD / Gold Daily Chart
BTCUSD Daily Chart
By looking at them, first impression: XAU goes up, BTC moves sideways. They are has no direct relation. Please look at EURUSD vs GBPUSD, you will see they are brother and sister.
Next, do you see the stars on them? They tells when NFP was announced.
- NFP (Aug 2nd), XAU went down. BTC went up. Opposite.
- NFP (Oct 6th), XAU went up. BTC went up. Inline.
- NFP (Nov 4th), XAU wend down. BTC went down. Inline.
You can also look at
- NFP (June 10th), XAU went up, BTC wend down. Opposite
- NFP (July 4th), XAU went up, BTC wend up. Inline
Conclusion, they are not inline, but they are standing on the same “playing field”. You can observe how they move on other events, you can see they are not related. But they serve the same purpose, on certain area, they will behave the same.
This is for now, It may change when the policy changes.
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First of all, I have to applaud @TYGMedia for putting up charts to prove his point. I wish more people did this.
@PRETTI , I would say that Bitcoin is more closely correlated to the Nasdaq 100. See the chart below 
Now whether investors understand Bitcoin or not, I can not say. What is most important for us as traders / investors is how they are treating it, i.e. like a tech stock.
Gold acts as a counterweight to fiat currencies and it reacts to the degradation of a fiat currency’s purchasing power. The chart below shows gold priced USD vs an inverted scale of USD purchasing power (i.e. higher = less purchasing power), but this can be shown with any fiat currency.
The important take away here is gold is in a strong bull trend in all currencies because gold investors foresee major degradation in the purchasing power of fiat currencies.
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Crypto and economy stocks crashing they turning to gold for safe heaven - a split is happening
they are. altho gold is preferably used because they are safe and low risk as compared to btc, you never know one day it could crash from 67k to 20k
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Yeah , your right not good for the economy this split 
The correlation between Bitcoin and gold highly alter the market sentiment reflecting investors’ quest for certainty in uncertain times. By unravelling the correlation between these assets, investors gain insights into the evolving dynamics of the financial markets and position themselves strategically for the future.
Might be useful.