The Paradox: Two Hard Money Assets, Different Behaviours Bitcoin and gold are both classified as hard money. They're often seen as competitors. Yet their price actions look completely different. For most of this year, gold has had the risk-adjusted advantage. But this could change in Bitcoin's favour. Let's dive in. The Ecoinometrics newsletter gives you insights from crypto and macro data to help you make better investment decisions. We spend hours every day gathering data, creating metrics and bringing them to life with data visualizations that allow you to quickly get to the heart of things. We then distill all that knowledge in each issue of the newsletter with less words and more charts so that you get insights, direct to the point, in five minutes or less. Join more than 24,000 investors here: Done? Thanks! That’s great! Now let’s dive in. Gold And Bitcoin: Two Different TrendsThe TakeawayBitcoin and gold, both seen as hard money, show surprisingly different behaviours. Recent data reveals Bitcoin correlates more with stocks than gold. The key driver? Central bank policies. During monetary expansion, Bitcoin has outperformed both gold and stocks. This dynamic is key, given the likely stronger pace of future monetary expansion. No Clear Relation Between Bitcoin And Gold...Continue reading this post for free in the Substack app |
Wednesday, October 16, 2024
Gold And Bitcoin: Two Different Trends
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