Gold and Silver Follow Similar Trend to Bitcoin
Gold and Silver Follow Similar Trend to Bitcoin
It is impressive how Bitcoin, Gold and Silver reacts on macro news such as the Iran conflict.
It seems like a new trend regarding the "safe-haven" that we have not seen to the same extent before.
What do I think?
I think that we can expect to see huge allocations into gold and digital gold in 2020, even the most conservative, traditional investors have begun to realize that too many red lights are lit to defend unchanged dispositions and will probably have to go into alternative investments such as private equity, digital assets, commodities, etc. with a (small) share of their risk diversification holdings. The USD is already extremely exposed and the prospect of escalation in the conflict with Iran - on top of other "strained conditions" does not make the USD a safer currency! In addition, Bitoin's upcoming half and expected Bull run will help drive the course up.
What do you guys think?
I am going to follow this trend closely.
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