Is Crypto the Next Stop After Gold Profits?

Gold and silver are making record highs and their prices are continuously increasing. Does this also affect other financial markets? Today we will discuss this topic.

I have noticed that whenever their prices increase it has a direct effect on crypto. Sometimes the effect comes quickly and sometimes it takes time.

We are seeing that #Bitcoin is priced around $87K which has recently dipped by 2–3%. This means that the effect of gold and silver prices has not yet come on crypto but it will definitely come.

Right now because investors interest is in gold and silver they want to stay invested in these assets.

As soon as profit taking starts the money that comes out will be injected into crypto.

Financial markets work like this. This is the money flow system where money moves out of one market and is injected into another market.

On the weekend crypto volatility will be less but I think that from Monday we will start seeing its effect.

The main point is that whenever we see a price correction in silver and gold, there can be movement in crypto which will work as an indicator.

Do you think that gold and silver prices affect crypto? I will be glad to see your answers in the comment section.

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