Lagarde says the eurozone economy is resilient, and the digital euro is on its way. Most people’s first reaction is that it’s bullish for crypto. I laughed.
The digital euro’s rollout essentially means the authorities are bringing payment rails back under their control. $BTC is now at 81658, down 0.76% over 24h—not much of a drop. The market isn’t pricing this in at all. When it’s finally rolled out, the stablecoins and payment tokens used by retail investors will be the ones squeezed. $BTC , on the other hand, won’t care—it stopped relying on the payment narrative a long time ago.
The really interesting one is $XAU , at 4170.01, down 0.54% over 24h. As the euro’s credibility is reinforced through digitization, some of gold’s safe-haven premium is diluted. Don’t rush to trade the digital euro as a bullish catalyst. First, think about whose livelihood is being threatened. Most people are on the wrong side of this narrative.
#Gold
The digital euro’s rollout essentially means the authorities are bringing payment rails back under their control. $BTC is now at 81658, down 0.76% over 24h—not much of a drop. The market isn’t pricing this in at all. When it’s finally rolled out, the stablecoins and payment tokens used by retail investors will be the ones squeezed. $BTC , on the other hand, won’t care—it stopped relying on the payment narrative a long time ago.
The really interesting one is $XAU , at 4170.01, down 0.54% over 24h. As the euro’s credibility is reinforced through digitization, some of gold’s safe-haven premium is diluted. Don’t rush to trade the digital euro as a bullish catalyst. First, think about whose livelihood is being threatened. Most people are on the wrong side of this narrative.
#Gold