Someone asked about the gold view. I'm currently looking at the chart so I can do some economic analysis for you.
Gold's capitalization is too large at 12,187 billion dollars, so it is unlikely that it will increase by a large percentage in the current time of large capitalization.
In the short term, there are signs of increasing again, but the risk of reversal is very high and increases by a few percent at most.
Looking at the longer term view, frames D and W are in a downtrend.
Regarding the long-term process of gold, there is still growth.
From a personal perspective, gold is a channel for storing assets. If considered an investment channel, there are many other better financial products.
You see in the picture below, gold peaked in 2012, and now in 2023, 10 years later, it will reach the old peak of 2012, so those who have kept gold for the past 10 years have not made a profit.
Most of the people who have profit from gold bought it from 1990-2000 and then profited about 500% (x5 times) if they sold it in 2012, which is nearly 20 years.
With the current capitalization of 12,187 billion USD, the x2 x3 story is very unlikely to happen.
As for me, #BTC has higher profitability. When the market is downtrend, many people are afraid, but for those who are holding cash, the joy is doubled because the smaller the capitalization, the more x. Hope you guys stay strong. faith in BTC and support for #Binance in times of trouble, because for me, Binance is the spiritual leader.
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This is information sharing, not investment advice!
$BTC $BNB #gold
