Gold vs Bitcoin
- Thread starter thomas
- Start date
My focus is on bitcoin mostly because it trades on weekends so I can keep my finger on the pulse when other markets are closed. Also the new president is stirring the crypto pot with potentially favorable legislation and regulator picks. And then the introduction of etfs adding more money flow. It will be interesting to see how high bitcoin can go.
With gold, I see that as more a reaction to the national debt and risk of default. Trump mentioned before that a debt default wouldn't be such a bad idea and we could see a battle in congress over the debt limit soon, and those risks could drive gold higher. That will also be interesting to watch.
Also dedollarization could be driving both gold and bitcoin higher as other nations tired of being bullied.
With gold, I see that as more a reaction to the national debt and risk of default. Trump mentioned before that a debt default wouldn't be such a bad idea and we could see a battle in congress over the debt limit soon, and those risks could drive gold higher. That will also be interesting to watch.
Also dedollarization could be driving both gold and bitcoin higher as other nations tired of being bullied.
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