X @Cathie Wood

Also important to note is that the correlation between the bitcoin and gold prices has been 0.14 since early 2020, and that the gold price led the last two significant bull moves in the bitcoin price in the last two major cycles.Lorenzo Valente (@LorenzoARK):Gold’s market cap as a % of US M2 just hit ~170%+.This is an all-time high, matching the Great Depression (1934) and above the 1980 inflation peak.Historically, extremes in this ratio show up around macro stress/dollar regime shifts and often mark turni ...