First, I just want to thank everyone that has subscribed and is supporting my work. The response has been overwhelmingly positive, and I really appreciate it 🙏
It’s just under a week since Decode Newsletter Issue #1 went live, however I really want to discuss the relationship between Bitcoin and Gold, hence this interim update, and there’s a fair bit to unpack.
Gold is, in my opinion at least, very close to a macro top. Everyone is talking about it, it’s all over my feed, crazy price predictions are everywhere, and I’m even seeing queues of people at bullion shops in real life! All the signs are there that a major euphoric peak is in progress. How long it takes to confirm is anyone’s guess but judging by the charts I think there are only a few weeks left. Time will tell.
Bitcoin Priced in Gold
In this first chart, BTC/USD (orange), BTC/GOLD (blue), MTO with Industrials (Solid lines) and Liquidity (dashed lines), and BTC/GOLD RSI. Lets dig in!
