Bitcoin is Better Than Digital Gold π₯
Helping EVERYONE to make better crypto investment decisions.
π 1)Β In 2019, when the Fed finished its rate hiking cycle and paused for seven months, Bitcoin had a monster rally of +325% until global growth AND inflation disappointed.
Bitcoin when the Fed βpausedβ in early 2019 - The Fed has paused since July 2023
π 2)Β Another timely report from us. This report, written before the attacks on Israel, explained why Bitcoin is even better than Digital Gold.
π 3)Β This report was quoted in 390 media outlets and is gathering additional interest after billionaire hedge fund manager Paul Tudor Jones said that he likes Bitcoin and Gold β similar to our report, he acknowledges the dire US fiscal situation.
π 4)Β Year-to-date, the price of gold is up +1%, while Bitcoin has recorded an impressive +66% increase.
π 5)Β The August 2017 hard fork brought about a critical decision to the forefront: Should Bitcoin evolve into a transactional blockchain resembling Visa, capable of handling around 1,700 transactions per second?
π 6)Β Or should it remain a finite digital asset akin to gold, retaining its limited block size and scarcity? There is a striking association between the pseudonymous creator of Bitcoin; Satoshi Nakamoto, and the ownership of gold.
π 7)Β Bitcoinβs market capitalization is $540bn, equivalent to 10.8% of the market capitalization of physical financial gold. This is why a potential approval by the SEC of a US-listed Bitcoin ETF could usher in a monumental inflow of $20-30bn, potentially driving a significant surge in Bitcoin prices.
π 8)Β When Satoshi Nakamoto published the Bitcoin whitepaper, the US public debt as a percentage of the gross domestic product (GDP) was around 64%. Historical analysis suggests that when a nationβs debt-to-GDP ratio surpasses 70%, the burden of debt service payments begins to overshadow economic investments, and a country's fiscal health declines.
π 9)Β An inverted US yield curve often predicts an impending recession within a few quarters, though this is yet the case. In parallel, the contraction in money supply (M2) has been negative year-on-year, suggesting a potential reduction in US inflation by the yearβs end and beyond.
π 10)Β In 2019, when the Fed finished its rate hiking cycle and paused for seven months, Bitcoin had a monster rally of +325% until global growth AND inflation disappointed.Β At present, the most critical macroeconomic factor appears to reflect the situation in 2019 when the Fed paused its rake hikes, leading to a significant surge in Bitcoin prices.
How China and Hong Kong became the number 1 crypto destination -> read more in Crypto Titans: How trillions were made and billions were lost in the crypto markets https://amzn.to/3LZ6E6J