IncomeSharks

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.