Selling BTC on December 4th and buying gold at 3700 was my most successful trade this year. As I said yesterday, I don't think we're in a bear market right now, despite all the so-called experts saying there's no liquidity. For me, investing is a systematic tool. Whether it's BTC, altcoins, or cross-border bonds, stocks (rarely), gold, or exchange rate differences, the allocation in different cycles is extremely important. Your dream is to go long, to trade at low altitudes and without limits, but asset allocation and hedging are the keys to long-term survival. That's why I say this is my most successful trade. A few years ago, after @DeerHTX came to me with some issues, I talked about the company's asset allocation and how to use gold to pay year-end bonuses. On the eve of the presidential election, I called for gold for the first time during this cycle, when gold was at $2,500. (See Welcome to the Era of High Inflation and High Deficits) I sold BTC on December 4th and called gold; the price of gold at that time was $3700. I wrote the Golden Trilogy: Gold is a safe-haven asset, but what exactly does it protect against? The discussion focuses on the risk of gold being only liquidity risk and how to use gold to hedge against seigniorage. In the face of a very minor macroeconomic event, I hesitated about whether to buy the dips in BTC, and instead chose to continue buy the dips in gold. If you don't have a gold exchange and find physical gold inconvenient, you can choose an on-chain ETF. When I called gold at 83100, the price of the gold 2x ETF was 52, and it is now 56. Binance has now launched London Gold futures contracts, OKEx has long offered XAU spot and RWA gold. Hopefully, @BTCBruce1 will list London Gold soon.

Looking back, BTC fell from 12.4 to 8.6, while gold fell from 3700 to 4330 during the same period. If I buy the dips this time, it'll be around 83,000-86,000. Gold 4022-4330

immediately

Okay, Mr. B