{"id":570,"date":"2024-10-02T13:32:47","date_gmt":"2024-10-02T13:32:47","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=570"},"modified":"2024-10-02T13:32:47","modified_gmt":"2024-10-02T13:32:47","slug":"bitcoin-tends-to-lag-gold-by-a-few-months-and-is-destined-for-upside-says-expert","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=570","title":{"rendered":"Bitcoin &#8216;Tends To Lag Gold By A Few Months&#8217; And Is Destined For Upside, Says Expert"},"content":{"rendered":"<div>\n<p><strong>Charles Edwards<\/strong>, founder of Capriole Investments, sees a bullish outlook for <strong>Bitcoin<\/strong> (CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) driven by improving macro conditions and the impact <a href=\"https:\/\/www.benzinga.com\/money\/best-spot-bitcoin-etfs\">of spot ETFs<\/a>.<\/p>\n<p><strong>What Happened:<\/strong> In an interview on the Blockworks Macro <a href=\"https:\/\/www.youtube.com\/watch?v=DcAKU-sbrjY\">podcast<\/a>, Edwards highlighted that the market is at &#8220;the exact opposite point&#8221; of November 2021, when the Fed began aggressive rate hikes.<\/p>\n<p>Edwards pointed to several bullish indicators, including Bitcoin\u2019s strong correlation with US liquidity measures and gold\u2019s recent breakout to new highs. \u201cBitcoin tends to lag gold by a few months,\u201d he highlighted, suggesting Bitcoin could follow gold\u2019s upward trajectory.<\/p>\n<p>While Bitcoin has underperformed recently, Edwards attributes this to idiosyncratic factors like <a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/07\/39934147\/2-8b-mt-gox-bitcoin-on-the-move-again-how-does-btc-react\">Mt. Gox-related selling<\/a> pressure. He believes these headwinds are largely behind us, setting the stage for potential gains.<\/p>\n<p>For market signals, &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/10\/41141317\/bitcoin-tends-to-lag-gold-by-a-few-months-and-is-destined-for-upside-says-expert\" alt=\"Bitcoin\" to lag gold by a few months and is destined for upside says expert>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Charles Edwards, founder of Capriole Investments, sees a bullish outlook for Bitcoin (CRYPTO: BTC) driven by improving macro conditions and the impact of spot ETFs. What Happened: In an interview on the Blockworks Macro podcast, Edwards highlighted that the market is at &#8220;the exact opposite point&#8221; of November 2021, when the Fed began aggressive rate [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-570","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/570","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=570"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/570\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=570"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=570"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=570"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}