Bitcoin is up more than double gold since this rally started in late February.
To say that Bitcoin is crabwalking and gold isn't seems like a very strange thing to say.
Do we just pick the timeline that suits the narrative being presented?
Then again gold being up anything at all is a big deal... because it has a history of jack shit.
Whereas Bitcoin has a history of exponential gains.
I don't think gold has any value in a future where the Internet doesn't work.
At least not in the short term.
Not unless there are communities that can function where the Internet doesn't work.
I don't personally know of any nearby Amish settlements.
Maybe I should.
The gold market massively outweighs BTC, well over $15T. Every $1 the price rises is ~$10B in capital. Gold isn't a speculative investment, but reliable capital preservation. Neither am I recommending investing in gold (nor against it). I am pointing to accredited investors seeking capital preservation.
It's a signal.
That's what you've posted in recent days.
In terms of day-trading my ass off using hourly candles yes, it's crabwalking.
In relation to gold within the current context we are talking about not so much.
This is an extremely reductive statement.
Market cap and actual liquidity are only loosely connected.
It is a big (and wrong) assumption to say that once BTC gets to $15T it's going to calm down like gold did.
BTC doesn't give a fuck: it will be more volatile than ever at $15T.
In fact we're all about to find that out the hard way in less than 2 years during the current cycle we are in.