What is the correlation between the current silver to gold ratio and the price of Bitcoin?

1 answers

• Nov 26, 2021 · 3 years ago
  At BYDFi, we believe that the correlation between the current silver to gold ratio and the price of Bitcoin is limited. While both silver and gold are considered precious metals, Bitcoin operates in a different market with its own dynamics. The price of Bitcoin is influenced by factors such as market demand, investor sentiment, and regulatory developments. While economic uncertainty can drive investors towards alternative assets, it is not solely determined by the silver to gold ratio. Therefore, it's important to consider a wide range of factors when analyzing the price of Bitcoin.
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