Has anyone noticed that there seems to be something of an inverse relationship between bitcoin (and other cryptos') and PM?
Back in 2011 when silver and gold where at their peak gold at $1800 & silver at $49 bitcoin was trading around $10, now bitcoin is pushing above $2000 and gold and silver have dipped to $1260 & $17. My point is as many observers are saying that cryptos' are in a bubble, are we heading for a big up swing in silver and gold?
I have the feeling that when silver and gold last plummeted many speculators switched into crypto currencies as the next big thing. So perhaps if bitcoin and other altcoins have a market correction then silver and gold will spike again.
Let me know your thoughts....
Ps I mean no offence to anyone who owns bitcoin or other altcoins, I see their value as a useful currency and potential investment I just havent got my head around the risks and trading strategies.