$GOLD / $XAU update:
• End of March: called the 1D wick fill
• April: analyzed a 15% drop and bounce
• June: Hit our $4,100 target, dipped 3.5% below entry, then consolidated 1.5 months
• The bounce is happening now
One of the clearest trade of the year as stated before.
After nearly a decade in Bitcoin, I can conclude that the average person has no interest in rolling dice, buying multiple hardware wallets, and setting up a maximum-paranoia multisig vault just to avoid losing Bitcoin.
There is nothing wrong with doing that. It simply does not mean every person and institution will choose to do it.
Normal people and institutions want something with lower volatility than Bitcoin that pays a high yield. That is why $STRC and $SATA have raised more than $10 billion during a Bitcoin bear market.
This is an inflection point for Bitcoin because it reflects a realistic approach to providing the solution that normal people and institutions actually want.
People are not interchangeable parts in a machine. They carry values and culture with them. Import and reward tens of millions who do not value honesty, integrity, and personal responsibility, and you get mass fraud. Mass deportations would drastically help fix the problem, both socially and economically.