The U.S. national debt will inevitably exceed 200% of GDP in the future, and the same is true for China, because printing money is the tacitly accepted easiest mode of taxation, while rigid taxation or spending cuts are extremely painful and not feasible under a democratic system. It is also painful in China - look, China already has the Zhang Xianzhong theory.
The future of BTC and gold is certain, so what needs to be paid attention to is how their proportions change. If we look from the peak in 2017 to now, BTC really has no advantage over gold, 14x to 23x (23 ounces of gold = 1 BTC).
But if we look further back, BTC has a huge advantage. In addition, if we only look at 2023, a small bull market year, the BTC/gold ratio has risen from 9 to a maximum of 32, which is also a very good increase.
So you can think of gold as a larger BTC. In a bull market, altcoins (BTC) rise faster, and in a bear market, gold is more valuable (from 32x in March to 23x now).
Does this open up your mind? If you want to maintain a certain position in a bear market, maybe gold is a better choice? But when the bull market comes, switch to BTC. Of course, a small position in altcoins can also get a bigger increase.
