So #Bitcoin pukes 20% on the back of this market drama, while #gold is up and trending towards it's all-time high, get ready for precious metals promotors to dance on Bitcoins grave, trading like a risk asset.
Data from #CoinGlass shows over $1.05 billion in leveraged BTC positions were wiped out in the last 24 hours
https://www.investing.com/news/commodities-news/morning-bid-stocks-reel-on-rword-return-nikkei-dives-12-3554135
gold is 1,000 times older than #Bitcoin and is naturally less volatile and that lack of volatility works both ways.
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For sure and 15x bigger, so it takes a lot more capital to move gold, if Bitcoin ever reaches that size we're at 500k a coin, Bitcoin is still a tiny market relative to gold
gold has a market cap right around 10 times Bitcoin so actually 500k Bitcoin is about equal to gold
