May 4, 2024

Bitcoin – digital gold?

In an instant, the information trends that justified the trends in the markets are broken.For a long time we have been listening to the fact that gold no longer performs the function of protection againstinflation, and the bitcoin is yes, it's the future....
And then bam... Second shift... In other words, the data for the states comes out, core inflation is already 4.6% in October, and the overall inflation is 6.2% year-on-year.

And what a reaction ... well, everyone saw. And why is it so. Because they were stocked with gold, all this time there was a set of poses. And, on the contrary, they were unloading.

What's next? It's clear. We will hear more and more often that gold at all times was a protection against inflation, and this was a temporary uncorrelatedness.
And bitcoin, since it is at a strong weekly level (previous all-time high), it will beWrite somersaults near it, but with a predominant movement to the south.