, Columnist
Bitcoin Is Dancing in Tandem With Gold Again
Synchronized rallies in the digital currency and the precious metal don’t appear random.
Digital gold?
Photographer: Chris Ratcliffe/BloombergThis article is for subscribers only.
As gold climbed toward the psychological $1,500 mark, another speculative asset has also been staging a recovery.
Bitcoin is well away from its historical peak; in fact, it’s below the recent June high. However, the two assets look to have been marching in lockstep over the past three months, a relative rarity.