Are copper and other metals the new bitcoin?

Copper and Other Metals Are the New Bitcoin. Here’s Why. | Barron's Copper and Other Metals Are the New Bitcoin. Here’s Why. Cryptocurrencies have been surging—but they have nothing on real-world commodities. Yes, Bitcoin is up almost 100% year to date, but the cryptocurrency has gone nowhere over the past month.

Why are bitcoin & copper prices on a tear?

Bitcoin and copper prices have both been on a tear for most of this year, hitting record-highs amid the ongoing coronavirus pandemic. Copper — sometimes dubbed Dr. Copper — has a reputation among market watchers as a barometer for the global economy.

What is a 1 oz copper bitcoin commemorative round?

Each 1 oz Copper Bitcoin Commemorative Round available here today is originally packaged by Osborne Mint inside of bulk plastic tubes containing a total of 20 individual rounds within. These Copper Bitcoin Rounds are based on the original 2010 design from Michael Bruce, and reproduced only with his licensed artwork.

Is bitcoin correlated with copper compared to the S&P 500?

Bitcoin is now correlating more closely to copper than the S&P 500. (Toby Christopher/Unsplash) Bitcoin's price now correlates more strongly to copper futures than to traditional equity indexes. BTC’s correlation coefficient relative to copper has risen to 0.84 from 0.27 a month ago, reaching its highest mark since August.