Gold Continues to Correct and That May Be Good for Bitcoin
Both assets have shown a reverse correlation in ETF flows on four different days in the past week
What to Know
After surging to a series of record highs in recent months, gold has dropped nearly 10% in recent sessions.
In addition, bitcoin has strengthened and is once again targeting the $100,000 level.
An analyst noted bitcoin's performance as a better hedge than gold amidst strategic asset reallocations
