Central banks just stacked $44B in gold in Q3 alone. That's 321.2 tonnes.
YTD they've bought 675 tonnes = ~$92.5B worth. China grabbed 63t, Poland 40t.
This is the macro setup everyone's missing. CBs are running from fiat risk. Gold is the legacy play.
But here's the alpha: $BTC is 10x more liquid, borderless, and harder to confiscate. If even 5% of future CB reserves rotate into $BTC, we're talking about a structural bid that dwarfs every previous cycle.
The question isn't if. It's when.
YTD they've bought 675 tonnes = ~$92.5B worth. China grabbed 63t, Poland 40t.
This is the macro setup everyone's missing. CBs are running from fiat risk. Gold is the legacy play.
But here's the alpha: $BTC is 10x more liquid, borderless, and harder to confiscate. If even 5% of future CB reserves rotate into $BTC, we're talking about a structural bid that dwarfs every previous cycle.
The question isn't if. It's when.
