đ¨ Bitcoin Is Sliding Back Toward $100K , But CZ Still Thinks Itâll Outshine Gold đ
Bitcoinâs having one of those weeks again
After touching record highs earlier this month, itâs now pulling back toward the $100K mark, dropping about 7% since Monday as new U.S.China trade tensions rattle global markets.
Gold, on the other hand, is hitting fresh highs and some analysts are calling it âthe new Bitcoin.â
Meanwhile, crypto stocks like MicroStrategy, Coinbase, and Circle have all fallen more than 5%.
But the bulls arenât backing down just yet.
CZ says Bitcoin will eventually surpass gold not just in value, but in trust and scarcity.
Analyst Ben Cowen notes BTC is still holding above its 50 week moving average (around $100K) a key level thatâs acted as strong support in past cycles.
Ark Invest and Fidelity both reported a 40% jump in institutional Bitcoin holdings this year.
And Bitwiseâs CIO says the recent drop was just âa stress testâ that Bitcoin passed with flying colors.
From where I stand, this feels less like a crash and more like a deep breath before the next move.
If BTC keeps its footing above $100K, we might see another run before the end of the year maybe even a push that finally puts it on goldâs level.
Whatâs your take?
A healthy correction or a warning sign?
