BTC is a RISK OFF asset.
If the stock market shits the bed, BTC will too. Gold, on the other hand (And I'm no gold bug) is a RISK ON asset. The "Market" knows that things are going to shit, hence, the HUGE appreciation in the price of gold over the past 12+ months.
Does that clarify things or are you really 21IQ as your profile suggests🤔. That's my last word on it anyway, Warren, you clearly know better🥳.
"Risk-off refers to a market sentiment where investors are cautious and prefer to avoid risky assets, typically during times of economic uncertainty or negative news. In this environment, capital is often shifted towards safer investments like government bonds or gold." - Investopedia
In other words, you had it backwards the whole time. sToCKS are "risk oN" GoLD is "risk oFF. " I tried to correct you, but you were too much of a "thick cunt" (not sure why that's an insult, unless you're gay) to understand that.
And yes, you just got schooled by a 21iQ retard. 🤡😂🤣
That's precisely what I've just said, you fool.
You said "Gold, on the other hand (And I'm no gold bug) is a RISK ON asset."
"Risk on assets" are assets you hold when you are "risk on," meaning you want to take risk. Gold is not a "risk on asset." Stocks are.
"Risk off assets" are assets you hold when you are "risk off, " meaning you don't want to take risk. Typically bonds and gold.
If it still doesn't make sense to you, you need the type of professional help that I can't provide. 🤡🤣
