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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