Bitcoin
has moved forward with New all-time highs Above $ 123,000 and just logged the highest weekly close to $ 119,500, following another record weekly near the week before. Years to this day, the BTC has been around 30%, pulling ahead of gold that gained approximately 27% at the same time.
According to the review by CHARLIE BILELLO.
However, there is a downside in the presence of two mainly non -productive possessions as the best performer of the year. When Bitcoin and gold led the pack, it often indicates investor anxiety or crisis conditions than confidence in the wider economy.
In theory, the productive provision of capital should be rewarded, but these trends are at risk of weakening investment in the real economy. This distortion comes from the artificially modified cost of capital.
Since the passage of the “Big Beautiful Bill” on July 3, Bitcoin rallied for about $ 15,000. According to Kobeissi letterBitcoin has entered “Crisis Mode,” with US interest rates remaining high structures.
Meanwhile, the dOLLAR INDEX (DXY) has fallen 11% over the past six months. At that same time, tariffs were delayed, US-China trade negotiations were oscillated, and tensions increased US military strike involving Iran. In addition, the world’s largest economy recorded a historic $ 316 billion budget shortage in May.
Taken, these factors feature a financial landscape shaped by geopolitical uncertainty, fiscal strain, and investors that motivate the noticeable safe havens such as Bitcoin and gold.
Read more: While Bitcoin rushes $ 122k, what’s next for Ether, XRP, Dogecoin?
