Bitcoin has been down since it reached $109k in January, it’s currently at $82k.
When people pull money out of the stock market they have to put it somewhere, gold is always a big destination to invest that money. Gold futures is up 14% in the last six months.
How are the two connected? By this:
Bo Hines, the executive director of the President’s Council of Advisers on Digital Assets, suggested in an interview that the U.S. could capitalize on the gains from its gold holdings to purchase more
Bitcoin.
Create uncertainty in the stock market and cryptocurrency, they deflate, wait for the price of gold to inflate, purchase deflated assets with inflated assets, and then flip them.
Trump rug pulled his cryptocurrency and Musk was forced to buy Twitter because of a poorly executed pump and dump of the stock.
I have a hypothesis.
Bitcoin has been down since it reached $109k in January, it’s currently at $82k.
When people pull money out of the stock market they have to put it somewhere, gold is always a big destination to invest that money. Gold futures is up 14% in the last six months.
How are the two connected? By this:
Create uncertainty in the stock market and cryptocurrency, they deflate, wait for the price of gold to inflate, purchase deflated assets with inflated assets, and then flip them.
Trump rug pulled his cryptocurrency and Musk was forced to buy Twitter because of a poorly executed pump and dump of the stock.
There’s patterns here.
https://finance.yahoo.com/news/white-house-says-gold-reserves-213421472.html