Why A Reversal In Gold Could Tarnish Recent Bitcoin Narrative

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The last year in finance has been all about Bitcoin. The digital gold narrative arrived at the perfect time, amidst a perfect storm of stimulus money, irrational exuberance in the stock market, and more. The forecast is starting to change for gold, however, just as the top cryptocurrency is struggling to maintain its market structure of higher highs and higher lows. Could a reversal in the two assets combined take the legs out of the running bull rally in crypto? Gold Reaccummulation Could Raise The Bar To $5-10K Per Troy Ounce The Butterfly Effect is defined as “a small change in one state” that “can result in large differences in a later state.” There’s been no greater example of the Butterfly Effect than when billionaire hedge fund manager and philanthropist Paul Tudor Jones called Bitcoin the “fastest horse in the race against inflation.” It was that quote that piqued the…

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