*Dont look at the chart. It has little to show, like there may be a consolidation before the double top. ...
While looking charts of Crypto and Gold seem start to correlate.
Gold is back on its up trend.
Crypto has revived from its well established bottom.
And meanwhile SP500 is going up to ATH.
Why?
These 3 type assets classes, 3 types of investors are like 3 titans entering a competition.
Fiat ballooned, halfuseless, accounting-staged businesses vs. blockchain non fiat wanna be, cultsane quasi decentralized halfcrap halftech halfbiz vs. civilizations old and traditional gold proof economic foundation. What a clash ha!
And the judge - the FED that needs to start the race, to release the green rabbit on the track.
And the rabbit is on, moving to next rate hike.
Why should FED start lowering rates, they could have kept them 0 in the first place.
Because they are not lowering them, because cheap money go to one place only, make no velocity, no inflation, no growth. Who needs that? Nobody! So now they would rather squeeze equity markets with tickling feather until some of that money pour and balance the other asset classes. This will bring back the competition on the table.
Who wins is to be seen.
I think crypto gold backed tools will be established as a base rule of the game and corporate world would embrace the techno socialistic model of blockchain where consumers are part of the ownership via directness of value tokenization.
There we may see the closing gap of inequality.
If not true, at least sound great. Give a like :)
While looking charts of Crypto and Gold seem start to correlate.
Gold is back on its up trend.
Crypto has revived from its well established bottom.
And meanwhile SP500 is going up to ATH.
Why?
These 3 type assets classes, 3 types of investors are like 3 titans entering a competition.
Fiat ballooned, halfuseless, accounting-staged businesses vs. blockchain non fiat wanna be, cultsane quasi decentralized halfcrap halftech halfbiz vs. civilizations old and traditional gold proof economic foundation. What a clash ha!
And the judge - the FED that needs to start the race, to release the green rabbit on the track.
And the rabbit is on, moving to next rate hike.
Why should FED start lowering rates, they could have kept them 0 in the first place.
Because they are not lowering them, because cheap money go to one place only, make no velocity, no inflation, no growth. Who needs that? Nobody! So now they would rather squeeze equity markets with tickling feather until some of that money pour and balance the other asset classes. This will bring back the competition on the table.
Who wins is to be seen.
I think crypto gold backed tools will be established as a base rule of the game and corporate world would embrace the techno socialistic model of blockchain where consumers are part of the ownership via directness of value tokenization.
There we may see the closing gap of inequality.
If not true, at least sound great. Give a like :)