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Gold + Silver are pumping to new highs while Bitcoin is still stuck below $90k.
I think BTC is not lagging, it’s just a temporary decoupling and it’s telling us where confidence really is right now.
Gold & silver:
-Macro fear hedges
-Central banks & traditional capital
-Slow, defensive money
Bitcoin is still seen as:
-A risk asset during stress
-A hedge only after confidence returns
I don’t think Bitcoin is broken. Capital is there and investors still have money. They’re just not ready to take risk yet.
Right now, money is asking:
“What if inflation returns?”
“What if rates stay higher?”
“What if geopolitics gets worse?”
In this kind of situation, Gold & silver move first. Bitcoin waits.
Historically, Bitcoin doesn’t lead in fear. It leads after fear peaks. That’s why this phase feels slow and uncertain but definitely not broken.
To be honest, this is a battle of patience!