[edited out]
Actually if we zoom out the S&P 500 Index, Gold, and Bitcoin to the maximum, they're all going up simply because of the continuous expansion of the total money supply. Bitcoin simply is more volatile, and obviously is getting market value from legacy markets. But the correlation is not "bullshit", nor is it "delusional".
¯\_(ツ)_/¯
?
--Snip--
[edited out]
I'm simply making a claim that Bitcoin is VERY undervalued as a Store Of Value competitor against Gold.
I thought that you were making a different point (including trying to suggest that there might be some value in terms of holding gold),
yet I don't feel any need to argue over posts that we have already made.
OK, then what was your point again?
¯\_(ツ)_/¯
Because this was the post that started your debate, which from your replies/posts, they are sort of pointless,
Buy the DIP, and HODL
The futures market for the S&P 500 is down by 1.30%, which is a big drawdown for an index, but Bitcoin is currently up by about 2.60%.
👀
Does that actually mean that the decoupling is happening? That would indeed be the best aftermath of "Trump's Tariffs". That they cause capital flight from equities to hard assets like Gold and Bitcoin. Gold has been looking "parabolic", considering, for its market size.
But that's OK, merely looking at the Gold, Tech Stocks and Bitcoin markets as a pleb, Bitcoin looks as if its correlation towards Gold is closer than that against Tech Stocks, which Tech Stocks, Bitcoin was closer with before "Trump's Tariffs".
We're probably seeing more and more asset managers from legacy finance changing their opinions about Bitcoin from "rat poison squared" to an actual safe haven, no?