Here I go again about to jinx the nice bitcoin uptrend but... Today is a risk-off day, 10 yr treasury yield up, FB, AAPL, AMZN, NFLX, GOOG plus TSLA are all down. Even gold is down, and yet.... bitcoin has been trending up! btc above $52K now Hope btc breaks $60K and next number to hit imo would be $75K
Today was definitely a day of decoupling versus the high growth stocks. Ethereum especially went a lot higher. It was especially interesting since the 10yr rate went higher and the USD went higher as well. Looks good as a replacement for Gold.
during panic last year, look how low cryptos went vs gold. Gold has been here for few millennia and crypto for 10 years. Sure new gold