Since inception, Bitcoin ETFs have seen +$7.4BN flows while Gold ETFs have seen $2.9BN outflows...
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Ranked: The Largest stock markets over time, by Country (1970-Today) 📈
Source; Visual Capitalist
Here's the periodic table of asset classes👇
The darker the color - the higher the risk 🚨 The more on the right the asset is - the less liquid it is Source: Linas Beliunas h/t John Kador & Kathleen Kowal
NEW: Bitcoin just passed the Russian ruble and is now the 14th largest currency in the world 🔥
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Supercore PCE MoM exploded, highest since Dec 2021
Source: www.zerohedge.com, Bloomberg
Today's report unveiled the largest positive surprise in US personal income since the surge in consumer prices began in 2021
Source: Tavi Costa, Bloomberg
Interesting chart by TheMacroCompass.com
cryptos and gold are impossible to value but they are in some extent comparables in the role they play as an alternative to the fiat money system. Currently, Gold is 20.5% of the Fiat money in the 5 largest economies. After recent rally, the total cryptocurrencies market cap is just 3.4%. If you think teh gap between gold and cryptos should continue to narrow, there might be further upside. NB: this is NOT an investemnt recommendation
More evidence of a decline in US Inflation...
The PCE Price Index moved down to 2.4% in January, its lowest level since February 2021. Cycle peak was 7% in June 2022. Source: Charlie Bilello
