Gold reached a historic high in August 2020, and two months later, Bitcoin began its main upward trend in October 2020, followed by a five-month bull market. This time, gold peaked in January. In other words: Gold peaked, two months later, the crypto market started its rise, and the essence of gold is the "least risky 'liquidity benefit asset'." When the market begins to believe there will be no crash and starts to believe in easing measures, the first stop for funds is definitely gold. But when gold peaks, the truly important signals appear, indicating that funds are starting to shift from safe havens to risk assets.
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Gold reached a historic high in August 2020, and two months later,
Bitcoin began its main upward trend in October 2020, followed by a five-month bull market. This time, gold peaked in January. In other words:
Gold peaked, two months later, the crypto market started its rise, and the essence of gold is the "least risky 'liquidity benefit asset'." When the market begins to believe there will be no crash and starts to believe in easing measures, the first stop for funds is definitely gold. But when gold peaks, the truly important signals appear, indicating that funds are starting to shift from safe havens to risk assets.