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.