GOLD to zero vs BITCOIN

What an awesome chart (For Bitcoin maxi's that is) here this shows Gold in relation to Bitcoin....

Here we can see the halvening (blue vertical lines) and the decline in gold value respective to Bitcoin, we can see an 80%+ decline each cycle.

The next halvening date is April 2024, (Red vertical line)

After the move has moved to a new low, we can see that a retracment has come in to the upside each cycle into and around the golden pocket (61.8% - 80%) .

This area has already been tagged...

another pattern is the influx of Volume regarding the start of 2023, dwarfing any other previous volume...

I shall continue to update this thread moving forwards.

Comment:

The capital movement from gold to Bitcoin signifies a significant shift in investor sentiment and market dynamics. Bitcoin's appeal lies in its digital nature, serving as a modern alternative to traditional assets like gold. The narrative of Bitcoin as "digital gold" resonates with a younger demographic and tech-savvy investors, highlighting its relevance in the digital age. Its limited supply, decentralized structure, and growing acceptance contribute to its attractiveness as a hedge against inflation and economic uncertainty, akin to gold.

The ease of access and portability of Bitcoin, facilitated by its digital infrastructure, further enhances its appeal compared to physical gold. Institutional adoption, coupled with the entry of financial institutions into the Bitcoin market, lends credibility to the asset class, attracting capital from traditional investments like gold. Bitcoin's price volatility and potential for higher returns relative to gold also draw risk-tolerant investors seeking capital appreciation.

Macro-economic factors such as low-interest rates, fiscal stimulus measures, and concerns about currency devaluation bolster interest in alternative assets like Bitcoin. In environments where traditional assets offer low returns or are perceived as risky, Bitcoin emerges as a viable diversification strategy with the potential for significant gains. Technological advancements in blockchain technology and the increasing adoption of cryptocurrencies contribute to Bitcoin's legitimacy as an investable asset, further accelerating the shift of capital from gold to Bitcoin.

In summary, the movement of capital from gold to Bitcoin reflects broader trends in digitalization, changing investor preferences, and the search for alternative stores of value. While gold remains a staple in many investment portfolios, Bitcoin's rising prominence as a digital asset offers new opportunities for diversification and wealth preservation in an increasingly digital world.

Comment:

2023 XAUBTC - 63%
Since posting: -37%