Hello!
I was scrolling twitter and I found that James Butterfill (twitter handle @jbutterfill) posted the following chart about the cumulative fund flows in millions of US $ bewteen Gold and Bitcoin.
The results are shocking:
Take a look at how Bitcoin has crushed Gold this 2024. If this trend continues it's just a matter of time that Bitcoin starts demonetizing Gold. What does it mean to demonetize Gold?
Actually Gold is a 17 trillion asset as you can see in the data from https://companiesmarketcap.com/assets-by-market-cap/
If you are here reading this, you probably know that Bitcoin is better than Gold. I can skip all the technicalities about this fact, but we can agree that it is a FACT that Bitcoin is better than Gold. The only reason that Gold is still trading over Bitcoin is that not everybody knows it (yet).
At some point the money will start flowing massively into Bitcoin and the marketcap of Gold will decrease or in the best scenario stay flat or increase at a lower rate. Why? Because they will still print $ and Gold could still appreciate while being demonetized for Bitcoin.
Data is already showing that this process has started. You are able to see a lot of information about this supposed Gold demonetization. There are still a lot of gold bugs that are loyal to the precious metal, but at some point they will understand or they will get out of the market.
I hope you have a great day!
Posted Using InLeo Alpha