Well, yes, but where’s the evidence that the capital is rotating into gold anyway?
Illustrious-Boss9356 on
What about a 5% rotation from BTC into gold?
tenor_tymir on
People who line up to buy gold are rarely the same people who would buy BTC.
Gold is seen as a safe haven and a very conservative risk-off investment.
BTC on the other hand…
The only thing that could change this is generational change. Young people only know BTC, just like old people only know (and trust) in Gold.
Igafann on
« Only » 3/4 %
DonkeyComfortable711 on
I have this feeling we may have to wait a few more generations but I could be completely wrong, I’m invested in crypto but I think we are still so early in a sense. Like yes BTC will be 1 mil one day but that may be 2050
restore_democracy on
Depending upon the prices at which people sell.
nopy4 on
meaning there is no point to even begin such rotation
Educational_Basis_51 on
Wen rotation
Funnyurolith61 on
Rotation in process
marcosg_aus on
Lol
Zyzz2179 on
What is this Gold to BTC rotation ass pull people are talking about?
Hopium galore.
thenamelessone7 on
Well. Yesterday gold 5% of market cap in mere hours. Clearly very little rotated to btc then if we only got a 5% pump that fully retraced thereafter.
Or the author of the article is a dumb fuck and mistakes valuation for realisable value of how much that gold could be sold once the markets started dumping gold.
4Jay_K on
We better start rotating then.
k0enf0rNL on
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Well, yes, but where’s the evidence that the capital is rotating into gold anyway?
What about a 5% rotation from BTC into gold?
People who line up to buy gold are rarely the same people who would buy BTC.
Gold is seen as a safe haven and a very conservative risk-off investment.
BTC on the other hand…
The only thing that could change this is generational change. Young people only know BTC, just like old people only know (and trust) in Gold.
« Only » 3/4 %
I have this feeling we may have to wait a few more generations but I could be completely wrong, I’m invested in crypto but I think we are still so early in a sense. Like yes BTC will be 1 mil one day but that may be 2050
Depending upon the prices at which people sell.
meaning there is no point to even begin such rotation
Wen rotation
Rotation in process
Lol
What is this Gold to BTC rotation ass pull people are talking about?
Hopium galore.
Well. Yesterday gold 5% of market cap in mere hours. Clearly very little rotated to btc then if we only got a 5% pump that fully retraced thereafter.
Or the author of the article is a dumb fuck and mistakes valuation for realisable value of how much that gold could be sold once the markets started dumping gold.
We better start rotating then.
Top is in