#Bitcoin has been hovering around €100k, for nearly a year.
Gold went up by over a ⅓, in the same time-frame.
Discussion
October November will be fun. Bitcoin is doing its thing like clockwork.
Maybe. I just smashed at 96.999,00 € and it feels good, man.
Everything looks more-dramatic in the world's most-popular shitcoin. 😂 #dollas
gold is pulling ALL fiat worldwide now from government institutions and retailers (much much 100X bigger that bitcoin base users) plus fiat coming out from bond market dumping
min 5K santa rally now
bitcoin is only getting private institutions fiat only - with near zero retail inflow - so rise of bitcoin will happen also but sluggish
mcap wise -> gold 25T+ vs bitcoin 2T+
in stocks n housing may also keep rising since taming inflation now is not the focus only blow up more debt expand all is focus
Rainbow chart predicts a bump, but the bumps seem to be getting decreasingly bumpy, so I predict a slight hump is all we'll get and it'll mostly continue grinding slowly higher.
Market cap is just so huge, now, at $2.27 trillion, that it's calming the volatility and making it more difficult to play the pump-n-dump game that used to trigger the wild climbs.
The rainbow chart is kinda a joke.. they add new colour at the bottom every cycle 🫠😅
Yeah, they do. 😂
The colors help the human eye track the general trend, tho.
Lower half of the colors are the new range, really.
Yeap true, anyway we'll never see the upper band before Weimar like hyperiflation starts IMO.
Even if I don't like to relate to "models" the power law seems the one that more accurately helps the eye to treck further movements.. but also this model will eventually fail, because liquidity and Fiat money creation do not follow the power law.
.. but I don't know nothing.
We don't know if USD hyperinflation will ever come, in our lifetime, so long as the central banks have a lot of gold and (#thoon) Bitcoin.
They can grow their capital so quickly, that it effectively cancels their remaining debt and solidifies their stablecoin position.
The same goes for companies.
Anyway I agree with you, it's not for sure that we will see hyperinflation in our life time, but I believe will be because of CBDCs, the programmability of them, and the possibilities of putting a lifetime limit will help them to kick the can longer.. and yeah stable coins are CBDCs without a Central bank, but with e Central Government.
Totally feel you on that! 🙌 For sure, CBDCs could totally play a role in hyperinflation down the line. The whole programmability aspect and lifetime limits could definitely help them stretch things out. And you’re right, stablecoins are like CBDCs but without the central bank vibe, just with a central government twist. Let’s see how this all unfolds! 💸💥 #CryptoTalk
Yes but, the capital they grow is debt itself. Gold to solve the problem should have a value 10x greater already now I believe. And to reach that, or all other assets have to collapse and be absorbed by it (bonds value is going there) or they'll have to print to avoid the recession that would come after it, as correlation is huge.
Was just commenting about this yesterday.. It's a debt system not a Capital one.
They can reevaluate the gold price, at any time. The Bundesbank said that, directly.
Ok, I see that happening, let's say they do it, then the second after all gold owners sees their buying power and collateral capabilities increased so much, so the results would be more money creation as it would be collateralised.. or not?
Don't know. 🤷🏻♀️
That's one logical step too far for my brain. 😂 Too tired to make that step.
Ahahahah and very likely there's no point to go to kuch further
Have a nice day Laeserin 🤙🏼🍀
Here you are..
This just dropped today, like they were reading our notes lol
#economics #finance
i always subscribed to the bitcoin is first mover idea.
bitcoin moved 500% in just over a year after aug 2020.
gold took almost 4 years to just get back to its high from aug 2020.
digital is speed.
gold is having its time in the limelight.
q4 right around the corner tho.