I asked Gemini what assets corelate most closely with bitcoin. It reiterates other things already said, but it's interesting that the silver corelation isn't recent, and has been associated with bitcoin price for quite a while: ---------- Based on recent market trends, the asset most strongly correlated with Bitcoin (outside of crypto-native assets) is high-growth tech stocks, specifically those in the Nasdaq 100 index and QQQ ETF. These equities often move in tandem with Bitcoin due to shared sensitivity to macroeconomic liquidity and risk-on sentiment. Key Assets Correlated with Bitcoin: Nasdaq 100 (QQQ): Since 2020, Bitcoin has shown a consistently positive, often strong, correlation with tech-heavy, high-growth, or speculative equities. Silver: A 2022 CFA Institute report found that silver has historically shown a higher correlation with Bitcoin compared to other traditional commodities or gold, due to similar volatility. Global Liquidity (M2 Money Supply): Research indicates that Bitcoin's price movements are strongly aligned with global M2 supply, suggesting that expansionary monetary policy (money printing) drives its price, particularly in the Eurozone. MicroStrategy (MSTR): While this is a stock, it behaves like a "de facto Bitcoin ETF" because the company holds massive amounts of Bitcoin, creating a direct, high correlation of 0.95, according to FP Markets. While Bitcoin is often called "digital gold," its short-term correlation with actual gold has been historically low or negative, as investors tend to treat Bitcoin as a high-risk tech asset rather than a safe-haven asset. ---------- My future doesn't depend on bitcoin, so as an observer I really enjoy watching it act in ways that aren't obviously.predictable. The original paradigm I saw pitched for it in the 2010's was a gold surrogate, which it vert clearly is not.
A little over six months ago I moved a lot of money into a gold ETF with the rationale that Trump's economic policies would destabilize other markets. So far, that has worked out pretty well and as I have been monitoring gold prices during that time they do seem to move in opposition to bitcoin.
This is a newsletter from Mark Moss that perfectly describes the strategy I am pursuing with my bitcoin stack. So far I am only using leverage to fund a small part of my yearly expenses (mostly just fun stuff after all the essentials are accounted for), but I imagine this will grow over time as we transition into retirement.
BTC and gold traded almost identically in this spooky 90-120 day lag for several years. It's only starting around October 2025 did they so violently decouple. This asymmetry is the opportunity, BTW. The fact the market does not know bitcoin has the same (but better) monetary properties as gold is where you can capitalize. Zoom out and look at gold priced in btc over time and you will see who to bet long on.
Bitcoin tests $63,000 in 'extreme fear'; full-blown capitulation yet to come: analysts question for Crypto devotees: it this attributable to the threat of agentic AI coming up with more attractive / efficient / cost effective alternatives to the current lineup of cryptos ?
Bitcoin’s supply will reach 20.9 million in the year 2039, but the last bitcoin won’t be mined until roughly 2140.
Ben MacKenzie is an idiot who bet all his money on shitcoins during one of the early bullruns, got rugged, and now thinks it's his mission to save the world from digital assets. Generally speaking I have sympathy for these folks, but MacKenzie is a special breed of ignorant and smug who, like practically all critics, doesn't understand the difference between Bitcoin and everything else. Fun fact: the top comment on that video is from one of the moderators of r/buttcoin trying to beg people (in disguise) to watch his shitty crypto critical documentary lol
What is the difference between bitcoin and **** coins except bitcoin being first? You are trying to find some values that get hashed together to make small hash number. A lot of shitcoins have a public ledger. Litecoin is basically like bitcoin except it use scrypt. It was a fork of the bitcoin code.
There are some meaningful differences between BTC and LTC (most consequentially LTC made sacrifices to its durability to improve its throughput), but putting those aside for a second, being first is important. Especially when it comes to a monetary technology, and especially when there is a network factor involved. The number of users, nodes, and mining power a network has is a huge part of its value. This is why rhodium is not used as money like gold even though it possesses nearly all the same monetary properties. Humans simply discovered gold first. The fact your daddy's daddy's daddy used gold to store and exchange value matters. The fact that an entire industry existed to mine, refine, transport, exchange, and verify it for hundreds of years prior to rhodium's discovery matters. This is why if I created DonnyCoin today, mapped as a 1:1 replica of Bitcoin, it would never be worth as much as Bitcoin. Billions of people don't know about DonnyCoin. Millions of people don't own DonnyCoin. Thousands of people don't use huge amounts computation and energy resources every minute of every day to secure and verify DonnyCoin. This all matters. You can't invent the wheel twice.
As a non crypto bro this has been my best way of rationalizing it. At some point you have to accept that so many people have already chosen Bitcoin as a main currency the way they did gold before. But, one thing I don't see is global powers accepting that they can't continue to manipulate the money supply going forward. I guess it's also possible one of them created bitcoin in the first place and have considerable holdings.
Global powers really do not have the ability to manipulate M2 on a global scale. The manipulation happens in local currency, which will always exist. The difference now is that nearly anyone can hold wealth via stablecoins in whichever (major)currency you want. This is not a Bitcoin feature. Bitcoin does provide the rails/reassurance this can happen. Bitcoin allows anyone in the world to trade directly with each other, even if they never knew they used the BTC network.
