According to Foresight News , Matrixport released a market analysis stating that the divergence between gold and Bitcoin prices is likely to continue. The market's expectation of an 84% probability of a Federal Reserve rate cut on December 10th has risen, while the probability of a pause in rate cuts at the January meeting has increased to 65%. Even if the Fed cuts rates in December, this combination of expectations will limit the overall impact of monetary policy. Gold prices are far more correlated with the surge in US debt issuance than Bitcoin, making it a more effective tool for hedging against fiscal expansion and interest rate cuts. Bitcoin, on the other hand, relies more on actual liquidity entering the financial system, which is currently not yet apparent.
Matrixport: Bitcoin is more reliant on real liquidity, and its price divergence from gold may continue.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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