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- Bitcoin is Better Than Digital Gold π₯
Bitcoin is Better Than Digital Gold π₯
Helping EVERYONE to make better crypto investment decisions.
π 1) 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) Another timely report from us. This report, written before the attacks on Israel, explained why Bitcoin is even better than Digital Gold.π 3) 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) Year-to-date, the price of gold is up +1%, while Bitcoin has recorded an impressive +66% increase.π 5) 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) 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) 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) 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) 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) 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. 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