Bitcoinia (Bitcoin Art) on Nostr: Why is BTC more sensitive that Gold in terms of market cap? For eg Mark Moss says BTC ...

Why is BTC more sensitive that Gold in terms of market cap? For eg Mark Moss says BTC goes up $9 for every $1 that comes in. Some others say 4/5 per $1 in market cap.

But what is the reason for this? I assume it's because BTC is a more diff asset to increase the supply of ie more 'hardened' and therfore more secure in fiat monetary problematic times.

Is this correct in your opinion or another reason?

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