Bitcoin versus Global markets versus Gold Things have become quite interesting after now seeing how much retail is dumping and selling Bitcoin while institutions, governments, and businesses keep buying. Retail and individuals have actually been the major holder which is why their influence is more impactful. Retail is aggressively more bullish. Gold is a fear trade, global markets is a bet against America It's amazing to see the deviation between Bitcoin going down and Gold going up bit it was right after the 10/10 event where people established this new relationship where if the dollar gets weaker so does Bitcoin. It's completely backwards because Bitcoin should have been going up with fears of a weakening dollar but when you have countries heavier in Gold looking for independence against the US dollar it's been clear they saw a better narrative to push. Not saying it's some conspiracy and I might be embellishing a bit but people are in risk off mode and they are "worried" about the US. Globally there's no doubt that people aren't a fan of the president and the volatility he brings is a big part of it. Tariffs pissed off a lot of countries so naturally we are seeing the after shock and effects of global tensions. It's been an easy trade for countries like China to continue dumping US treasuries and other BRIC members following. This has been happening for a while but I think people are trying to hedge away from the US and some might be betting other emerging economies will be the better play. Emerging markets have been going up for a few years now This isn't a bad thing but we've seen some pretty wild gains in other countries which have been crushed by the strength of the US dollar and inflation. Around January 2025 we had a very strong US dollar relatively to the world and now it's dropped significantly. This again has been why the Gold and debasements trades became so popular. People have become really afraid of it getting worse and the mounting US national debt hasn't helped.