The SatsMate Stack
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 [https://stacker.news/r/SatsMate] Primary Bitcoin Buys Through Strike: The primary place I go to buy Bitcoin. https://invite.strike.me/2MSTYG [https://invite.strike.me/2MSTYG] Secondary Bitcoin Buys Through Fold: A nice exchange w/ rewards & bitcoin buys. https://use.foldapp.com/r/HTFKVY9L [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. Send us Fan Mail [https://www.buzzsprout.com/2265292/fan_mail/new] Support the show [https://www.buzzsprout.com/2265292/support] Youtube: SatsMate X: SatsMate Instagram: SatsMates website: https://satsmate.wordpress.com/
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