It’s been trading like a heavily manipulated risk asset since the futures started. I think they will bring it down to 2500 or so to try to own as much of it as possible, before allowing it to move back up. Macros gonna flip soon, then we really see what cryptos are made of.
yeah its hard to tell i think the stock market performance will also have a big impact, not sure which way tho :S
My current prediction is cryptos will take a similar path as metals did in 08’. Follows the market down for the crash & then moonshots
Gold held up strong in 08. I have equal amount of gold as crypto, gold's held is valve for 6000 years i dont think its going away any time soon. Crypto i strongly believe will be the new standard of money in the future and ill just hodl and enjoy the ride.
I have been heavily weighted towards gold for a long time 😊
Take a look at the 08 charts, sold off 20%ish most of 08’ until it took off at the end Of 08
But yes I agree, money is going crypto just a matter of which ones the government supports & which ones get regulated away
yeah it did but the run up was huge and after the dip huge again. Thats the biggest problem in crypto which one will be the winner
These gold backed crypto's could easily become the new form of money
The current wall of 1350$ is a motherfkcer!
Would love to see a real crypto backed by physical gold, but human ingenuity tends to find loopholes & ways to build on top of well intentioned systems.
True transparency may be the only way to prevent fraud & that doesn’t seem possible. I still love physical gold
haha. Well Perth mint are doing a gold backs crypto i did a post about it the other day. Hopefully it will be legit