The Federal Reserve is raising rates, yet gold holds steady and crypto surges.
The old “rate-hike is bearish” framework has failed.
This is a reset of the financial order, and some capital is embracing gold and crypto assets, looking for value outside of the U.S. dollar—this is the de-dollarization narrative the market is trading.
Before the rate hikes, I also said that once the bearish news is priced in, funds will flow into the crypto space, because everyone can clearly see that U.S. Treasury asset yields and dollar credit can no longer serve as the trading benchmark for gold. The crypto market has its own distinct行情.
Gold follows gold, crypto follows crypto, and the stock market follows stocks—I believe this is what a normal financial ecosystem should look like.
$BTC $ETH
#日本央行加息至31年高位
The old “rate-hike is bearish” framework has failed.
This is a reset of the financial order, and some capital is embracing gold and crypto assets, looking for value outside of the U.S. dollar—this is the de-dollarization narrative the market is trading.
Before the rate hikes, I also said that once the bearish news is priced in, funds will flow into the crypto space, because everyone can clearly see that U.S. Treasury asset yields and dollar credit can no longer serve as the trading benchmark for gold. The crypto market has its own distinct行情.
Gold follows gold, crypto follows crypto, and the stock market follows stocks—I believe this is what a normal financial ecosystem should look like.
$BTC $ETH
#日本央行加息至31年高位