Yet if you exclude last week’s spike Gold is around its all-time high value. That’s over 2x its price when Trump took office.
Meanwhile per this article the price of Bitcoin is lowest than when Trump took office.
So the biggest by market valuation cypto of all either isn’t really correlated with people’s expectations of economic crash as you postulate or crypto investors totally disagree with Gold investors about an economic crash approaching.
Personally I’m starting to suspect that the theory that crypto is seen as a protection against economic crashes is either false, outdated or some crypto investors do see it like that but they’re represent a tiny fraction by value of all trading in that asset class so they’re not the ones shaping crypto prices.
Yet if you exclude last week’s spike Gold is around its all-time high value. That’s over 2x its price when Trump took office.
Meanwhile per this article the price of Bitcoin is lowest than when Trump took office.
So the biggest by market valuation cypto of all either isn’t really correlated with people’s expectations of economic crash as you postulate or crypto investors totally disagree with Gold investors about an economic crash approaching.
Personally I’m starting to suspect that the theory that crypto is seen as a protection against economic crashes is either false, outdated or some crypto investors do see it like that but they’re represent a tiny fraction by value of all trading in that asset class so they’re not the ones shaping crypto prices.