David Hoffman
๐ค SpeakerAppearances Over Time
Podcast Appearances
Yeah.
And crypto investors, of course, are feeling this momentum and they're asking the question, oh, was that it?
Did we just get a regime shift?
Yeah, is crypto coming back online?
This is a poster that says the most obvious Bitcoin bottom in history.
And here it is at 69K Bitcoin.
That was the bottom.
Calling the bottom here, looking at prices from 2004, 2005.
So because price is going up, of course, people are saying, well, you know, maybe that's the worst of it.
Maybe that's the bottom here.
And in particular, it's been interesting to see Bitcoin rise while gold has tumbled.
So look at this divergence here, David.
So this is, I guess, gold confusingly in the orange color.
And then Bitcoin looks like in blue.
And there's quite a divergence.
So gold going down, whereas Bitcoin is going up.
Bitcoin is used... This is Zero Hedge posting.
Bitcoin used to be the first risk asset to get nuked on geopolitical conflict.
Not anymore.
In fact, it is outperforming gold since the start of the war.