Anthony Pompliano

So let's get into today's episode.

All right, everyone.

One of the things I've been thinking a lot about is why is Bitcoin not going up when all of the precious metals are going up?

It seems like those two assets were very tied together.

There was a lot of correlation between them.

And the fact that Bitcoin is not going up has got me thinking a lot about what's going on with Bitcoin.

What are the market forces?

What are all of the macro factors that are playing into this?

And so I spent the weekend taking a deep dive and trying to better understand this.

I thought I'd come on and try to explain to you exactly what I learned and what my current thoughts are.

First, let's go take a look at the actual metals themselves.

We have gold, which is up 80% in the last year, silver's up 250%, copper's up 40%, and platinum's up nearly 200% over the last 12 months.

At the same exact time, Bitcoin is down 16% over the last year.

So not only are the metals up, they're up significantly, every single one of them.

But Bitcoin is down, it's down double digits, and that obviously has people not feeling great.

And so we've got to understand what is driving all of the price appreciation in the metals before we can think about Bitcoin.

In terms of gold, I think that gold is a safe haven asset.

We know that central banks are buying more and more gold hand over fist for their reserves.

It makes sense because not only are people dropping dollars and U.S.

treasuries, but actually what we're seeing is a defiat.