Gold reached peaks and trouphs regularly between 2018 and 2019. When the prices fell, it was believed that gold had gone out of fashion. However, sentiments turned, to make gold climb, breaching $ 2000 an ounce. Since then gold has come down, and the volatility continues.

Though no Big Daddy monitors the cryptos, as they do with fiat money, it is surprising that investors are putting their money here.

There is similarity between gold and bitcoins — both are in short supply. And their value is independent of any controlling authority.

If in the perception of people, their assets or liquid assets ( fiat currencies) are eroding in value, they look for alternatives. The more it happens, the more people look for alternatives.