Another Day, another ATH #Gold price.
This jump is due to US job stats being not manipulated enough, however the underlying cause is the Trillion Dollar US deficits every few months - unsustainable and leading inexorably to global de-Dollarisation & Ponzi Dollar Collapse
Gold breaks the psychological $2100 barrier! But why?
Everyone knows the US economy is toast for years now, yet the #Gold price remained muted. It’s not simply Central Bank buying pushing the price upwards or Fed rate policy change.
Guessing the insiders know there’s ‘a black swan’ incoming and are positioning accordingly… What though? So many terrifying possibilities: Iran War, Taiwan invasion, US bank collapse, False Flag in Ukraine leading to NATO/ US war with Russia aka WW3.
Unfortunately we’ll soon find out.
NEW: "Given the acceleration in recent days of flows into #Bitcoin ETFs and its significant price appreciation, we are returning to a 'neutral' rating on Coinbase as we see the higher cryptocurrency prices not only sustaining, but improving activity levels," says JP Morgan
All 9 BTC ETFs (excluding GBTC) now hold a total of 216,309 $BTC.
That's over 1% of the maximum final BTC supply.
This takes these ETF holdings over MicroStrategy's, which is in possession of 190K BTC.
A massive supply shock is coming!
Gold slammed on US CPI data running hotter than expected, implying interest rates cuts less likely.
But as anyone who lives in the real world knows inflation is soaring, and the Ponzi Dollar is losing purchasing power daily.
#Gold is slammed on US good news, gold is slammed on US bad news … guess what? Gold doesn’t care and will continue to rise as the World keeps accumulating the shiny metal.
Bitcoin miners made 900 BTC yesterday worth 45 million dollars.
BItcoin ETFs gobbled up about 550 million yesterday. HALF A FRICKING BILLION DUDE!
That is more than 10X what miners produced in one day!!!
NEW: #Bitcoin is now the 10th largest asset in the world by market capitalization, surpassing giants such as JPMorgan, Berkshire Hathaway, Tesla, and Visa 🙌👀
NEW: #Bitcoin enters "High-Risk" zone, mirroring past bull market starts, according to Glassnode.
“As such, ‘High-Risk’ is defined as a point where the market is likely in a speculative bubble.”
NEW: 92.75% of #Bitcoin circulating supply now in profit.
Values above 95% have historically indicated local tops, and the last time this threshold was reached was during November 2021's all-time high of 💵 $69K 👀
NEW: Grayscale predicts a unique #Bitcoin halving in April due to strong miner preparation, booming on-chain activity, and rising ETF adoption, potentially reshaping the market