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I’m more convinced now that we’re going much, much higher than I was a few weeks ago. The world is basically on the brink of economic collapse, and bitcoin is just chilling at 80k. The great decoupling will happen sooner than many expect. We’ve seen nothing yet!

Trent Dudenhoeffer 8mo ago 💬 2

Been sitting here scratching my head looking at this then looking at bitcoin though

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Discussion

bitcoinlimit 8mo ago 💬 2

China dumping treasuries and buying gold

Ratu Boladau Uluitavuki 8mo ago 💬 1

How can you tell?

bitcoinlimit 8mo ago

how can you not 🤣

Trent Dudenhoeffer 8mo ago 💬 1

I thought China didn’t have many Treasuries left?

bitcoinlimit 8mo ago 💬 1

course they do. it’s their ace card, they pull it out on days like that

Trent Dudenhoeffer 8mo ago

Idk, feel like the Gromens of the world are pretty set on China having an immaterial amount of Treasuries now

BitLo 8mo ago 💬 1

Gold has historically led BTC. It sniffs out liquidity first. Then BTC blows past it on a lag.

Trent Dudenhoeffer 8mo ago 💬 1

So gold sniffs liquidity, bitcoin sniffs market dumps?

BitLo 8mo ago

Bitcoin is still seen by many investors as akin to a risk on tech stock and not a risk off asset. Smart people realize Bitcoin is the ultimate risk off asset…on its way to becoming a global reserve asset and the most pristine collateral one can hold. Just takes time for the rest of the market to figure it out. So for now, Bitcoin is highly correlated to the stock market.