"Gold buys time. Bitcoin tells it."

This is the cleanest frame I've heard for why gold is ripping and Bitcoin is sitting still.

Gold = cracking the window in a burning house. Temporary relief.

Bitcoin = the thermostat. It tells you the actual temperature.

The temperature right now: Markets look fine. S&P making highs. VIX is calm.

But assassinations are at Civil War levels. Suicides year-over-year up. Youth radicalized. "Study 16 years, go into debt, get replaced by AI" is the viral TikTok.

The volatility didn't disappear. It got transmitted from asset prices to the social contract.

Central planners are mowing the lawn every morning trying to make entropy look orderly. But entropy is natural. You can't delete it. You can only move it somewhere else.

They moved it into the streets.

Bitcoin isn't broken. It's telling the truth. Either liquidity comes and it catches up to gold violently - or everything else comes down to where Bitcoin already is.

Either way: million dollar coin in 2-5 years. The path depends on the reality we have to live through.