When a major cryptocurrency like Bitcoin experiences a significant price decline, it creates second-order effects that negatively impact related companies and stocks throughout the crypto ecosystem, including exchanges, trading platforms, and corporate holders, making gold a recommended defensive investment during such market downturns.
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Satoshi Sells His Bitcoin..Added:
Realistically, Bitcoin [music] straight line to like 40K, 30K, straight line before anyone even knows what [music] has happened. You sell all Bitcoin.
There's also second-order effects that the crypto stocks get crushed. Circle gets crushed, Robinhood gets crushed, Coinbase gets crushed, MicroStrategy gets crushed, BMR gets crushed. What I think you do, honestly, the only trade here is long gold. I hate to say it.
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