No, Bitcoin is not a digital gold

The first raise of 2025 was interpreted by an increase in frightening in future growth and expectations. The celtist is in the Trumpps Trumps policy.

Bitcoain is often referred to as a hedge infection against an inflation but the Cryprocuricrency driving handle is a different perspective. Bitcoin is only another risk asset like stocks and it is not a collapse that it has been selling next to a stock market.

The main idea of ​​the trunk of the trunk is the trunk of the trunk of the stock. If you have a positive expectations, you can also be expected that the future of stock that reflects a stock price reflection. These growth expectations also appear in the credit distribution. Credit credit refers to the difference in the result of physical bands and free lines of free on the same maturity. They reflect the additional risk of increasingly wants to keep physical debit.

Extended scatter means that physical product results arise to treasures, indicating that investors can view more fundamental risk. This often takes place when economic uncertains growing more experiment to companies. It can pull down slow, weaker, and dangerous dangers. If credit is at a credit issued by a suggestion of developing economic confidence, as more header of enclosure for dangerous debts.

Bitcoin has been very much linked with stock market and credit distribution rather than gold. In fact, the covers are not perfect and sometimes we can hard working or modifying in size of idiosyncratic drives, but their interest is helping to move the asset. If you don't know how to move on your assets, you'll have a hard time running it.

If we take on s & p0000 chart against a Bitcoin one below, let's see the comment. As mentioned above, it is not completely tight due to idiosyncraft drives as the only thing to the German repaid and re-paying MT Gox. In the picture, it shows the expectations of growing growment and the main positions.

Speaks of gold. The precious metel is over 18% only in the first quarter, and bitcoin down 12%. Clearly something is not putting up. There were short-term times when they were tied but it was greater of conference. In fact, gold is managed mainly with real products. When they can get, gold will fall and when gold fall, gold will rise.

As you can see in the chart below, a real and real product has been very threaten. Since 2022, much has been saying that the association broke down. It is a half truth. The association is still in existence, the size of changes. Now order a lot more when a real product falls, and fall much less when true product rose. Again, there are phenocial drivers in playing.

Generally, real products fall when markets expect to become better than a central bank cuts. This usually sees an inflation expectations to rise faster than a specified result. It is a good environment for order and risk assets.

Currently we have, our inflation expectations have wants to rise while growing predictions are getting a lower revision. This is the stagfary expectations. This is when a real product fall in a bad environment. Walk of gold lads but Risk Association is falling.

In the upper card, we will see that in the past year, the gold has been rising regularly and had arising in the early May and October.