Rolling (linear) correlation coefficient between Bitcoin and Gold. A correlation coefficient of +1 indicates a perfect positive correlation, meaning that the price of bitcoin and the price of gold moved in the same direction during the specified time window. Conversely, a correlation coefficient of -1 indicates that they moved in opposite directions.

1) Interesting oscillations in the pre-pandemic time. One could basically hedge one against the other, while hedging against fiat inflation.

2) Since the end of lockdown time, the correlation has been almost monotonously increasing. Possession both Bitcoin and Gold at the same time has become less useful. Perhaps a sign of a pre-hyperinflation state 🤔