$BTC rose, but what happened over the years? The US and politicians became the toys of institutions. Everyone is going bankrupt one by one, oh dear, this investment culture is losing its meaning. If the rally starts tomorrow, those who stay in the game will make money, but what about the investors whose money has evaporated and been pushed out of the game? $BTC
Throughout this cycle, many have talked about a rotation of capital from gold to Bitcoin.
Well, those people are still waiting…
📊 This chart illustrates periods when BTC outperforms or falls below the performance of gold, depending on the trend.
It provides two signals:
🟢 Positive = BTC > 180-day Moving Average and Gold < 180-day Moving Average
🔴 Negative = BTC < 180-day Moving Average and Gold < 180-day Moving Average
Looking more closely, this relationship does not seem to be really proven.
We can see that there have been almost as many positive periods as negative ones (a little more green).
👉 This suggests that BTC continues to evolve independently, with no clear evidence of a sustained rotation of capital from gold.
⚠️ Furthermore, the fact that the signal is positive does not necessarily mean that capital is leaving gold. It simply cannot be determined with certainty.