@Frank_Giustra@scottmelker Wisdom comes in many forms Frank. Trolling X accounts with bad takes regarding something you have a little understanding of is not one of them.
@Frank_Giustra@scottmelker Why are you constantly chiming in? You have absolutely nothing to do with digital assets other than trolling X accounts with your low IQ, antiquated boomer takes.
@CryptoAmerica_@SenLummis@EleanorTerrett@SenLummis could care less if this bill just gets kicked down the road. We need to stop looking to politicians for "clarity" on anything other than waste, fraud, and abuse and that includes Senator Lummis.
📊 The gap between traditional equities and crypto has become increasingly difficult for traders to ignore. From May 6th through June 1st, the S&P 500 has climbed another +4%, while Bitcoin is down -13% and gold -5%. This divergence has led to a growing preference among investors for stocks over alternative assets like Bitcoin & altcoins.
🇺🇸 While Bitcoin and gold have historically competed as stores of value and hedges against uncertainty, equities have recently attracted a disproportionate share of the usual investing capital as US stocks, in particular, have grown under Trump’s administration. His corporate-favorable policies have undoubtedly had an impact on the bullish outcomes for not just the S&P, but many other global equities markets.
🤔 This performance gap between sectors can create a self-reinforcing cycle. When traders see equities consistently generating better returns with lower volatility, capital often rotates away from crypto and into stock markets. The trend becomes especially noticeable during periods when Bitcoin struggles to maintain momentum despite favorable long-term narratives such as ETF adoption and institutional participation.
👀 Remember, though, that this pattern won’t last forever. Now that you’re seeing mainstream influencers discussing stock dominance over crypto, this is a good sign that the crowd is leaning too far into the equity FOMO & crypto FUD. Markets generally always move OPPOSITE to the majority of traders’ expectations.
🔗 Follow the price changes between Bitcoin, the S&P 500, and gold here to easily see when the correlation gets back on track (or perhaps gets more separated for a bit longer): https://t.co/jSE2L5kY3A
@laurashin These media cycles feel orchestrated. Especially around weak hands and low-liquidity periods. It feels like you are always complicit in this type of behavior. Classic coordinated narrative attacks.
Bitcoin continues to challenge the neckline of a large head-and-shoulders top, while working off its overbought condition with little or no price damage. This is very much how early bull markets have generally behaved.
Proud to be one of those cosponsors.
Just as gold reserves anchored American financial security for generations, a Strategic Bitcoin Reserve positions the United States at the forefront of 21st century finance and out of reach of our adversaries.
@WallStreetApes What really pisses me off as most Burger King's around the country do not take EBT or Snap benefits but almost every Burger King in every major metropolitan inner city does
@WallStreetApes Burger King caters to the inner city, who most of which are on welfare. The Snap program has built-in of inflation adjustments. Point being, people on snap benefits, how much more well adjusted to inflation than wage earners.