The Bitcoin and Gold Chart Book - November 2022
Disclaimer: Your capital is at risk. This is not investment advice.
ByteTree BOLD
Who would think bitcoin is a buy right now? Our model is telling us that the bitcoin network has ceased to contract and is back in growth mode. It is worth remembering that bitcoin has nothing to do with the failing crypto companies, and the network is neutral in every sense. It simply plods on transacting $25bn around the world each week. And as we so often see, just as bitcoin perks up, gold runs out of steam. They naturally work in reverse.
