Bitcoin Gold Copycat Rally ‘Just Started’ Amid Worries of March Repeat

Bitcoin (BTC) is preparing to copy gold as it aims for all-time highs, according to an exchange amid fresh warnings that a correction is due. Investors in both safe havens have been broadly shielded from the fallout from coronavirus this year, with year-to-date gains at 31.7% for Bitcoin and 18.3% for gold.

Mixed signals for Bitcoin have yet to be reflected in gold’s optimism, with gold bugs confident on both short and long-term scales. As Cointelegraph reported, a survey of over 10,000 people on Twitter by Bitcoin skeptic Peter Schiff showed that half still believe that Bitcoin will copy gold to track higher.

Timeline of Bitcoin, Bitcoin-gold