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Interest rates are rising and bond yields are at a 2-year high trending at 1.88%, which is the highest since January 2020. Rising bond yields is caused due to several reasons like increasing price of crude oil, risks to inflation, and very high interest rate hikes. Borrowings costs become very high when there is an increase in interest rate. This is also proof that there is an increased need for credit.
In determining the interest rates saving, investment, inflation and prices are taken in to consideration.
When interest rates increase, this can mean that returns from stock markets will be muted for a few months. However, stock weakness has always proved itself to be short lived. If there is a downturn in global stocks due to uncertainty of any kind, the fear can spill over to the cryptocurrency space as well.
Peter Schiff expressed: “Despite spiking nominal bond yields the price of silver jumped about fifty cents an ounce today. That’s a big move on a down day for gold. It could be a leading indicator of a bit more up in both metals. If gold does break out Bitcoin will likely break down!”
Community Response: What happens if the BTC 2021-2022 chart replicates the FB 2018-2019 chart? The second death cross confirmed a correction on FB. The second death cross WILL confirm a correction on BTC!
Death Cross in a trend chart shows up when a security’s short-term moving average drops below its long-term moving average. While death cross is generally not good, crypto experts are not worried about it.
Bitcoin vs Gold: It took BTC 3 years to reach the Golden Fibbonaci. It took gold almost 20 years. If Gold follows the same path as $BTC it would take at least 3 years to reach this current level.
Fibbonaci points to predictable patterns.
Peter Schiff what happens to the market equilibrium of $Gold when the supply expands by *checks notes* $10,000 quadrillion? Buy Bitcoin, because they won’t find more on a floating asteroid in space.
If AU breaks out, Bitcoin will break out higher. About 150 million people own Bitcoin and its price is at 40k dollars. Imagine what the price will be when 1 billion people own Bitcoin. This is no different than the adoption of the internet. Technology gets adopted on an exponential basis.
I don’t trust BTC anymore, but Gold and Bitcoin are different things. I think it is not right to compare them with each other. Will you stop investing other assets for gold only? But again, I am very frustrated with BTC, and it doesn’t matter anymore for me how high it goes.
Seriously, man, you should promote innovation rather than degrading the process. Once, the price of gold was zero. There was no banking system. What is the purpose of gold? It’s just a metal or you should improvise the Gold if you can?
If experienced traders didn´t take some of their Bitcoin profits and Bought Physical gold bars/coins, I don´t know how they will preserve capital in the greatest financial/currency crisis that´s looming.
The $.50 is a JUMP? It feels more like a hop at best. Crypto people are LEAPING, while precious metal holders are supposed to be jazzed about $.50 an ounce?
Gold mining is cancer for the planet. Gold is not a store of value, it´s an industrial metal. Gold doesn’t breakout from anywhere no matter what happens. Even if people would sell the remaining Gold, they have to buy more Bitcoin. As if people would sell their coins to buy gold.
This is why Bitcoin is the most credible scarce asset in the world. Unlike GOLD, which can ramp up production and supply when there’s more demand. He is more active using the bitcoin hashtag than the maxis.
The gold weekly chart looks like a breakout is imminent. As much as I’d love your boomer rock to sink it looks quite bullish!
Gold can never sink because it’s real on the periodic table and used by major entities.
Bla Bla Bla. It’s highly likely that Bitcoin will move up and goodwill breaks down.
I’m going to buy more Bitcoin now. Thanks for the ultra-lame precious metal news.
If gold does breaks out (we are waiting for YEARS for that to happen) it will be, because the DXY breaks down, due to market correlations. IF the DXY breaks down it’s highly likely that Bitcoin and Stocks break out as well. So, what you are writing is essentially garbage Sir.
