Medric

This is the most American photo I’ve seen in a long time.

DOES MONEY ACTUALLY ROTATES FROM GOLD INTO BITCOIN ONCE GOLD TOPS ? Yes, this has happened before. In August 2020, Gold topped at $2,075 and dropped nearly 10% in the next 4 weeks. Bitcoin also followed Gold and crashed nearly 20% from $12,000 to $9,800. This move scared most people out of BTC. But then in the next 8 months, from Sept 2020 to April 2021, Bitcoin pumped 559% from $9825 to $64,850 while Gold dropped -15% in those 8 months. Capital rotation out of gold and into risk assets was a big part of this insane rally. Another macro signal behind this move was ISM. In July 2020, ISM moved above 50%, signaling economic expansion. Today, ISM came in at 52.6%, again firmly above 50. So this setup is very similar to the one we saw in August 2020. Last week, Gold (likely topped) around $5,600 and then dropped nearly -20%. During the same timeframe, Bitcoin also dropped -15% from With ISM above 50, gold likely topping, and Bitcoin already having corrected, we could now see a rotation into risk-on assets over the coming months.