It seems like the market continues to favour Gold over BTC. I think we were all hoping to see a bit more love for BTC during this market.
We have seen gold rally to ATH yet BTC fails to pass 86k and still appears to be somewhat untwined with the US stock market.
No significant EFT purchases have taken place for sometime. Are we seeing Bitcoin fail against Gold? What’s the general consensus about this? We cannot ignore Gold price action during this volatile market.
I’ve been an advocate for BTC for a long time but it’s a telling sign that the world is not ready for Bitcoin as a hedge and still prefers gold. This type of market is a great testing environment for BTC to show its potential.
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