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Why is Bitcoin Trading Sideways, While Gold & Silver Are Taking Off?
Hey Satsmate Stackers,
It is crazy to see how much gold and silver have been taken off over the past couple of months! Today, I discuss why Bitcoin has been trading sideways over the past couple of months - & my thoughts on why Gold & Silver have been taking off. You don't have to look far to see many moving to risk-off assets to protect themselves. In today's podcast, I discuss the following:
- You don’t need to look far to see that Bitcoin hasn’t been trading well over the past couple of months
- Bitcoin tends to be the first to react when it comes to liquidity entering the system, and usually it moves in degrees of magnitude
- We have seen Silver & Gold be spectacular trades with Gold Flirting with $5000 an Ounce & Silver surpassing $103 an ounce
- Bitcoin for the past 12 months is actually down 16%
- Biggest reasons
- BRICS and foreign nations are starting to move towards neutral reserve money away from Treasuries
- Weaponizing the USD was one of the biggest missteps we have taken. People move to what they perceive as a better haven than treasuries
- Bitcoin has ALWAYS traded risk on. There have been a few cases where it wasn’t correlated, but it has always traded in line with risky tech stocks
- Trump's backing of bitcoin-related activities is lackluster. He has followed through with some promises, but generally, it has been underwhelming
- A lot of fear and uncertainty in the market, many are rotating to the safe trades away from risk (don’t forget bitcoin still has run significantly since Trump won from the $60s
- Gold & Silver taking off can be looked at independently of Bitcoin not doing well
- Erosion of trust with the U.S. system is at all time highs right now
- Fear and uncertainty push people towards commodities
- Old school investors, and global demand for Bitcoin still isn’t there
- My view is patience & long term time horizon
- Have a 3-4 year time horizon, don’t panic buy gold & silver just cause…
- Don’t sell your bitcoin just cause
- Remember why you are in these trades to begin with
If you like this, feel free to share it, leave a like, or comment. Also, check out the links in the description that help support my channel and podcast.
Best Regards,
SatsMate Stack
Referral to Stacker News: Circular economy with bitcoin discussions involved! https://stacker.news/r/SatsMate
Primary Bitcoin Buys Through Strike: The primary place I go to buy Bitcoin. https://invite.strike.me/2MSTYG
Secondary Bitcoin Buys Through Fold: A nice exchange w/ rewards & bitcoin buys.
https://use.foldapp.com/r/HTFKVY9L
Financial Disclaimer: Nothing stated in this video is a recommendation from SatsMate to buy or sell a particular security or asset class. It would help if you wisely considered your tolerance for risk, time horizon, and financial goals before investing.
Send us a text
Support the show
Youtube: SatsMate
X: SatsMate
Instagram: SatsMates
website: https://satsmate.wordpress.com/
View all episodes
By Paul SatsMateHey Satsmate Stackers,
It is crazy to see how much gold and silver have been taken off over the past couple of months! Today, I discuss why Bitcoin has been trading sideways over the past couple of months - & my thoughts on why Gold & Silver have been taking off. You don't have to look far to see many moving to risk-off assets to protect themselves. In today's podcast, I discuss the following:
- You don’t need to look far to see that Bitcoin hasn’t been trading well over the past couple of months
- Bitcoin tends to be the first to react when it comes to liquidity entering the system, and usually it moves in degrees of magnitude
- We have seen Silver & Gold be spectacular trades with Gold Flirting with $5000 an Ounce & Silver surpassing $103 an ounce
- Bitcoin for the past 12 months is actually down 16%
- Biggest reasons
- BRICS and foreign nations are starting to move towards neutral reserve money away from Treasuries
- Weaponizing the USD was one of the biggest missteps we have taken. People move to what they perceive as a better haven than treasuries
- Bitcoin has ALWAYS traded risk on. There have been a few cases where it wasn’t correlated, but it has always traded in line with risky tech stocks
- Trump's backing of bitcoin-related activities is lackluster. He has followed through with some promises, but generally, it has been underwhelming
- A lot of fear and uncertainty in the market, many are rotating to the safe trades away from risk (don’t forget bitcoin still has run significantly since Trump won from the $60s
- Gold & Silver taking off can be looked at independently of Bitcoin not doing well
- Erosion of trust with the U.S. system is at all time highs right now
- Fear and uncertainty push people towards commodities
- Old school investors, and global demand for Bitcoin still isn’t there
- My view is patience & long term time horizon
- Have a 3-4 year time horizon, don’t panic buy gold & silver just cause…
- Don’t sell your bitcoin just cause
- Remember why you are in these trades to begin with
If you like this, feel free to share it, leave a like, or comment. Also, check out the links in the description that help support my channel and podcast.
Best Regards,
SatsMate Stack
Referral to Stacker News: Circular economy with bitcoin discussions involved! https://stacker.news/r/SatsMate
Primary Bitcoin Buys Through Strike: The primary place I go to buy Bitcoin. https://invite.strike.me/2MSTYG
Secondary Bitcoin Buys Through Fold: A nice exchange w/ rewards & bitcoin buys.
https://use.foldapp.com/r/HTFKVY9L
Financial Disclaimer: Nothing stated in this video is a recommendation from SatsMate to buy or sell a particular security or asset class. It would help if you wisely considered your tolerance for risk, time horizon, and financial goals before investing.
Send us a text
Support the show
Youtube: SatsMate
X: SatsMate
Instagram: SatsMates
website: https://satsmate.wordpress.com/