Looks like it. While BTC was aggressively down last month, physical gold ETF’s experienced their strongest month since September 2020.
Investors’ appetite for gold increased as they assessed higher inflation and a major price crash in the Bitcoin market.
Read the entire article here https://cointelegraph.com/news/bitcoin-sell-off-likely-played-a-key-role-in-boosting-gold-s-appeal
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