The cryptocurrency market is in a frenzy, and this calls into question one of the most popular ideas of crypto evangelists - “bitcoin as digital gold.” It would seem that what is not ideal insurance against stock market storms? But it was not there!

While stock markets plunged into panic and investors unwinded their carry trades, Bitcoin behaved like a typical risk asset. The main cryptocurrency fell 17%, breaking through the psychological mark of $50,000, before recouping some of the decline. What about the correlation with gold? She went into the red back in July