Short YouTube excerpt (two speakers) discussing an abrupt market move where the speakers claim that, within six hours, gold absorbed/liquidated the entire crypto market capitalization. They note large capital flows into commodities, expect some rotation into Bitcoin, and suggest gold may be overextended so investors will seek other assets.
I actually read something today that in six hours, the whole market cap of crypto was liquidated on gold. In six hours, the whole market cap of all of crypto, which is just insane, how much money is sloshing around in some of these commodities. And a lot of that money is going to rotate into bitcoin, Right? That's. That's what's going to happen.
It is, because it. Oh, gold got overextended. Gold is the first one people know about. You know, they're comfortable with it. Everybody knows what it is, and they're going to run there first, but they're going to have to find something else because those are overextending.
