Skip to main content

Featured Story

Produced by Daniel Aharonoff & Mogul Media AI

Apple Vision Pro: Redefining Wearable Technology

Exploring the Apple Vision Pro: A New Era of Wearable Experiences The arrival of the Apple Vision Pro marks a significant milestone in the realm of mixed reality and spatial computing. Priced at $3,500, the headset may seem like a considerable investment, but early adopters are already reaping the rewards of its innovative applications. These experiences not only showcase the device’s potential but also provoke a broader contemplation about the future of technology in our daily lives. Let’s dive into five groundbreaking applications that are redefining how we interact with the world around us. 1. Virtual Home Tours with Zillow Immerse Transforming House Hunting : The tedious process of touring homes has been revolutionized with the Zillow Immerse app. This allows prospective buyers to explore virtual representations of listed properties, offering a glimpse into homes without the time-consuming physical visits. Wide Applications : Beyond real estate, this technology holds promis
Post a Comment
Read more
Produced by Daniel Aharonoff & Mogul Media AI

Exploring the Growing Correlation Between Bitcoin and Gold

The correlation between Bitcoin and gold prices has surged to new heights in recent months, driven by a bullish end to 2023 and the approval of a spot Bitcoin ETF. Throughout much of Bitcoin's history, its correlation to gold has been volatile, with prices moving mostly independently. However, this relationship tightened after the market crash in 2020 at the onset of the COVID-19 crisis, and it is now approaching historical levels.

Tightening Correlation Between Bitcoin and Gold:

  • The current Bitcoin to gold correlation stands at 0.76, indicating a strong positive correlation.
  • A correlation of 1 would signify a perfect positive correlation between the price of Bitcoin and gold.
  • While not yet at all-time highs, the correlation is steadily increasing, nearing historical levels.

Evolving Relationship with Traditional Finance:

  • Bitcoin's correlation with the S&P 500 is currently at its lowest in more than three years.
  • The correlation between Bitcoin and gold surged to around 75% by the end of 2023, coinciding with global central banks implementing interest rate hikes.
  • The recent introduction of Bitcoin ETFs in the U.S. market marked a significant milestone, further solidifying Bitcoin's transition to a stock-like asset.

Strengthening Kinship Between Bitcoin and Gold:

  • Despite Bitcoin's increasing integration into mainstream finance, its relationship with gold has only grown stronger.
  • The current Bitcoin-gold correlation of 76 is just a few points below the all-time high of 79.
  • This suggests a closer relationship between the two assets, both recognized as robust stores of value by their advocates.

The charts illustrate Bitcoin's ratio to gold escalating steeply throughout 2023, underscoring the tightening correlation between the two assets. This growing relationship reflects the evolving landscape of digital assets and traditional financial markets, highlighting the importance of monitoring these dynamics for investors and analysts alike.

Email Post

Comments

Post a Comment

Trending Stories