Bitcoin jumped 25.22% in August to near $78,671 while gold rose 9.93% and oil climbed 3.5%. Mike Milligan reads the simultaneous surge across stocks, Bitcoin, gold, and oil as a signal about the dollar and market liquidity.
Bitcoin was up 25.22% in August. Uh, that's not a typo. I didn't say that wrong, folks. Bitcoin ran 25% in a single month, and it briefly touched $80,000, uh, ending around $78,671. Gold was up 9.93%. That 10% move alongside what Bitcoin did— both hard assets telling the same story about a $40 trillion debt and sticky inflation. And then oil, with continued geopolitical pressures over in Iran that escalated again on August 31st, finished up 3.5%. So what did August tell us? Stocks were up, Bitcoin up big, gold up big, oil up, everything rose. When everything rises together, it tells you something about the dollar. And about liquidity, not just about one asset. That's educational context. It's not a trading call.
How to evaluate AI growth stocks (Nvidia, Oracle, CoreWeave) beyond market hype
How to evaluate AI growth stocks (Nvidia, Oracle, CoreWeave) beyond market hype
