Trump has avoided making statements that would further escalate tensions with China, as was feared, and that’s great. And there have been at least 2 major such incidents this year. If we are talking about patterns and history repeating itself, at the end of the mutual showdowns, China and the USA will shake hands and settle the matter again. Negotiations are already ongoing. In this process, Alex Stanczyk gold investors sell their assets and buy Bitcoin $105,106.73 He says they should take it.
Bitcoin and Gold
Interest rates dropped on a global scale, and this was extra supportive for the altcoin as geopolitical tensions escalated. The rise of gold is surprising, but what is surprising is that it is rising so fast. Some assume that fiat currencies will take huge hits in the new period of chaos. However, there is a clear fact that gold has reached levels it has not seen in decades, at a speed it has not seen in decades.
Appetite is strong and people are avoiding selling. However, at some point, gold will experience a correction, and if this correction triggers panic, it may pave the way for a fall as fast as the rise. Today’s drop of $100 per ounce is an example. I realize it sounds silly to people to talk about a decline when it’s rising or near the top, but an entity that’s constantly, uninterruptedly, forever rising doesn’t sound logical.
Alex Stanczyk BTCGOLD By sharing the chart, he said that the bottom test has occurred and sell gold. BTC He said it was a great time to get it.
“It may seem a little crazy to some, but now is the smartest time to sell gold and buy Bitcoin.”
When Will Cryptocurrencies Rise?
It is profitable to buy in bear markets and sell in bull markets. For example, for those who purchase under 20 thousand dollars BTC The fact that the price dropped to 97 thousand dollars does not mean much. Or at $9 SOL Coin For those who buy it, the drop in Solana price to $150 is not such a terrible thing. The real problem is the panic triggered by short-term investors, and experienced investors know that crypto hurts a lot in short-term games, so they make their plans for a few years.
cryptocurrencies It will rise, and this has to happen if China does not plunge the world into great chaos. It is not sustainable for countries to become introverted and sell only the products they want to others, as it would harm everyone on a large scale. China made its last move to strengthen its hand in bargaining, and when they find a middle ground with the USA, BTC will turn into a stone out of a slingshot again.
Stockmoney Lizards shared the chart below and said the following to those expecting a rise:
“Early long positions have been liquidated. They will do this over and over again until you give up or your account is at 0. They have been playing this game for the last 2 years. When retail investors capitulate, Bitcoin will go higher.”