Gold just hit a new all-time high of $4,875 for the first time in history.
In the last 2 years, gold has added $19 trillion to its market cap, that's 10x of Bitcoin's total mcap.
I'm not sure when, but once gold tops, this money will flow into Bitcoin and start a parabolic rally
For me think it will positively affect the current price of Bitcoin.lets keep our fingers crossed as the market charts unfolds,
This growth in Gold shows one thing for sure and that is distrust in Fiat and the the global liquidity is shifting although as we don't know who is actually buying it, like bro we usually thinks it will be individual peoples like a citizen who are investors and all of them have bought it but we don't know for sure it can be governments or big companies the way they are buying BTC and we don't know who owns how much, I am talking about the ones who hid their stash.
But I also hope once the bullish trend for Gold will be over the money will flow back into BTC but I have also think when people will start selling Gold they will also start selling BTC (digital gold) and they will prefer to invest that money into risky tokens to double or triple their earning quickly.
