Its amazing to see in real time the fleeing of fake asset bitcoin and other crypto to actual real asset like GLD. I'm sure BTC and other crypto will recover to their ATH like usual clockwork but the recovery won't be instant as other times as back then the hype for crypto was piping hot as the next coming of Christ but now the demand has shifted all to AI and crypto feels like last year car model.
Time will tell. Scared money doesn't make money, and most of these firms have to keep some cash deployed. What kind of securities they buy who knows? whether its short or long positions, but either way that money wont stay permanently parked on the sidelines with inflation and GLD still at ATH's, if its really "smart money" like most institutions/hedge funds claim.
#Ban Bet Lost
/u/TheBurningTitan made a bet that GLD would go to 4800.0 within **4 weeks** when it was 401.745 and it did not, so they were banned for a week.
Their record is now 0 wins and 2 losses
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yes, I used to think the exact same but recently 🌽and even GLD are super correlated with the mkts. They move together, but 🌽loses more and doesn't recover as well while QQQ keeps making new ATH