The Relationship Between Bitcoin and Gold

  • TL;DR The link between Bitcoin and gold attracts investors and analysts because they share value‑storage attributes amid variable cycles. From 2010 to October 2017, threshold regressions and Granger causality tests show independence, with coefficient β ≈ –0.51 and low correlation. In October 2017 a structural break reversed the relationship to positive (β ≈ +0.