Correlation of Bitcoin and Gold

Just want to share a quick thought. During the recent crash of the crypto market (which is probably best expressed with the price of bitcoin), the price of gold spiked the other way in a similar fashion. Also, gold price had been on a decline while cryptos were going up parabolically. It's worth noting that gold is a recent hedge against stock prices and since stocks have been having an amazing year - this might also negatively affect the price of gold.