Is Gold’s Surge to $5,500 a Massive Trap? Gold has added multiple Bitcoin market caps in just the past few weeks. But as central banks rush into gold, are they fighting the last war with an outdated playbook? A few things to understand, according to @BitcoinPierre: • Foreign central banks view political change as destabilizing and are misreading dollar risk • Cavalry vs nukes: gold is a hedge built for the age of horseback, while Bitcoin is a monetary hydrogen bomb by comparison • The dilution trap: high prices signal more mining and future supply flooding the market • The rotation: gold, AI, and metals absorbed liquidity while Bitcoin sits in deep value territory Bitcoin doesn’t dilute and is compressing like a coiled spring. Hated rallies are the most violent.