Oddbean new post about login | logout guys I love #bitcoin, but talk me off the cliff. When Iran sent drones to Israel and the risk of WWIII were high, the Brice of #btc dropped and gold soared. Give me some potential reasons for that with btc being hard money. Is it too tied up in stock market now with etfs?
No it didn't. The price of gold appeared to soar because the markets were closed. And the people that hold physical gold wanted to buy, while all the speculators couldn't because they exist on "paper gold". In #Bitcoin, the market is never closed. And th holders/speculators have the same market.