TL;DR Crypto bulls predicting Bitcoin will rally only after funds move out of red-hot precious metals are about to learn whether their theory holds. The whole 9 yards of 💩 Precious metals crash, with silver plunging 35%, gold 12%; bitcoin holds at $83,000. If you’ve been tracking the market chatter, you’re probably sipping something strong and wondering if you somehow missed the memo that links messy metal markets to crypto optimism. Spoiler: the memo exists, but it’s as slippery as a wet blockchain in a hardware wallet factory. The short version: metals are getting crushed on the macro backbeat, and Bitcoin looks oddly calm, like a cat that knows there’s a laser pointer but also knows better than to chase it headlong. The drama isn’t over, it’s just getting interesting. Crypto bulls have been peddling a narrative—one that’s as seductive as it is precarious—that BTC’s next leg up hinges on money finally flowing out of the red-hot precious metals trade. In other words, gold and ...
Ignorance is not a strategy.