welcomeimo Btc and crypto’s are posed as alt gold but are...

welcome

imo Btc and crypto’s are posed as alt gold but are actually tech stocks

hence Btc/ tsla chart similarity

the reason I say that is the whole network effect argument boils down to more users = more smart contracts = more crypto mined = higher prices for crypto that sees greatest adoption

thats the entire argument for eth to overtake btc - that btc’s mining limit reduces its price outcomes

that’s the opposite of non diluting store of value like gold/ and to a lesser extent silver

so my own view is crypto will mirror nasdaq directionally

overview wise I expect a blow off top move for most risk assets in next few months - then the stock indexes to go into a long bear mkt while gold/silver go much higher again after the sharpest initial equity falls occur

Btc is the one possible exception re crypto’s being a reliable long term store of value imo - but intrinsically Btc is interchangeable with all other crypto and none have any intrinsic value - so that’s when the whole asset class thesis will be tested
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my view is wall st marched first gold up then crypto up now will focus more on gold again - that I think was why crypto had a double pump - they are compressing a lot of price into short time using options to drive price