Why is Bitcoin Trading Sideways, While Gold & Silver Are Taking Off?

Hey Satsmate Stackers, 

It is crazy to see how much gold and silver have been taken off over the past couple of months! Today, I discuss why Bitcoin has been trading sideways over the past couple of months - & my thoughts on why Gold & Silver have been taking off. You don't have to look far to see many moving to risk-off assets to protect themselves. In today's podcast, I discuss the following: 

• You don’t need to look far to see that Bitcoin hasn’t been trading well over the past couple of months
• Bitcoin tends to be the first to react when it comes to liquidity entering the system, and usually it moves in degrees of magnitude
• We have seen Silver & Gold be spectacular trades with Gold Flirting with $5000 an Ounce & Silver surpassing $103 an ounce
• Bitcoin for the past 12 months is actually down 16%
• Biggest reasons
  • BRICS and foreign nations are starting to move towards neutral reserve money away from Treasuries
  • Weaponizing the USD was one of the biggest missteps we have taken. People move to what they perceive as a better haven than treasuries
  • Bitcoin has ALWAYS traded risk on. There have been a few cases where it wasn’t correlated, but it has always traded in line with risky tech stocks
  • Trump's backing of bitcoin-related activities is lackluster. He has followed through with some promises, but generally, it has been underwhelming
  • A lot of fear and uncertainty in the market, many are rotating to the safe trades away from risk (don’t forget bitcoin still has run significantly since Trump won from the $60s
• Gold & Silver taking off can be looked at independently of Bitcoin not doing well
• Erosion of trust with the U.S. system is at all time highs right now
• Fear and uncertainty push people towards commodities
• Old school investors, and global demand for Bitcoin still isn’t there
• My view is patience & long term time horizon
• Have a 3-4 year time horizon, don’t panic buy gold & silver just cause…
• Don’t sell your bitcoin just cause
• Remember why you are in these trades to begin with

If you like this, feel free to share it, leave a like, or comment. Also, check out the links in the description that help support my channel and podcast.

Best Regards, 

SatsMate Stack

Referral to Stacker News: Circular economy with bitcoin discussions involved!  https://stacker.news/r/SatsMate

Primary Bitcoin Buys Through Strike: The primary place I go to buy Bitcoin. https://invite.strike.me/2MSTYG 

Secondary Bitcoin Buys Through Fold: A nice exchange w/ rewards & bitcoin buys.
https://use.foldapp.com/r/HTFKVY9L

Financial Disclaimer: Nothing stated in this video is a recommendation from SatsMate to buy or sell a particular security or asset class. It would help if you wisely considered your tolerance for risk, time horizon, and financial goals before investing. 

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