Does money really flow out of gold and into Bitcoin after gold peaks? $BTC

Yeah, it’s happened before.

Back in August 2020, gold hit $2,075, then slid almost 10% in just four weeks. Bitcoin followed it down—fell about 20%, dropping from $12,000 to $9,800. That spooked a lot of people out of the market, no surprise there.

But after that panic, things flipped. Over the next eight months (September 2020 through April 2021), Bitcoin exploded—up 559%, from $9,825 all the way to $64,850. Gold? It sank 15% during the same stretch.

A lot of that wild rally in Bitcoin came from capital rotating out of gold and into riskier bets.

There was another big signal going on: ISM numbers. When ISM moved above 50% in July 2020, it pointed to economic growth. Today, ISM landed at 52.6%—still well above 50. So the setup now feels a lot like what we saw back in August 2020.

Just last week, gold probably topped out around $2,600, then dropped almost 20%. Bitcoin also dipped—down 15% during that same window.

With ISM showing a strong economy, gold likely peaking, and Bitcoin already correcting, we’re set up for money to rotate back into riskier assets in the months ahead.