Post
Black_Rock
$BTC & $XAUT TWO DIFFERENT ASSETS, ONE MACRO STORY.
Bitcoin and gold don’t usually trade like twins.
But when the macro backdrop shifts, their price action can start telling a surprisingly similar story.
That’s what I’m watching right now.
BTC brings the risk-on side.
Gold brings the defensive side.
When both start responding to the same liquidity, rates and dollar expectations, the correlation becomes far more interesting than the chart alone.
#WalshInflationRisk #BTCGoldCorrelation
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1#LaborMarketTestsWalsh
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