Bitcoin (BTC), that modern alchemist’s dream, soared to $123,700 this morning like a falcon on a sugar rush, sending the crypto world into a tizzy of bullish bravado. One might think it’s not a market, but a circus-complete with clowns in crypto suits.
Experts, those self-appointed prophets of the digital age, now whisper of BTC’s ascension to new heights, citing its tenuous truce with gold. As if gold, that ancient relic of barter, and Bitcoin, that quantum leap of hubris, could ever truly agree on anything beyond their mutual disdain for fiat.
Gold and BTC: A Love-Hate Bull Run
Charles Edwards, that sage of Capriole Investments, waxed poetic on X, noting the widening chasm between gold and Bitcoin. He claimed BTC will “close the gap” eventually, as if the Earth itself isn’t laughing at the audacity of such predictions.
“Ah yes,” he wrote, “the gap is reminiscent of 2020.” A year that birthed Zoom yoga and crypto mania alike. By 2021, BTC outperformed gold like a hare outpacing a tortoise in a race where both forgot to show up.
If history repeats, BTC will soar beyond its current peak. Or perhaps it’s just a mirage, a desert flower blooming in the heat of our collective delusion.
Jelle, that oracle of crypto, chimed in: “Gold leads, Bitcoin follows.” A tale as old as time-or at least as old as the dot-com bubble. He predicts $150,000, a figure so lofty it could make a eagle envious. Let’s hope he’s not one of those who “predicts” and then cashes out at $100K. 😂
$GLD and $BTC correlated to each other last 3 years.
Don’t fight brothers.
OWN BOTH!
With that said, Gold looks ready again…
– Heisenberg (@Mr_Derivatives) August 13, 2025
The Macroeconomic Mirage
Gold and BTC, the darlings of 2025, have outperformed every asset class. Charlie Bilello, that high priest of market strategy, declared them the year’s top performers. A year where the U.S. deficit ballooned to $630 billion, and tariffs-despite their 300% surge-still couldn’t plug the hole. One wonders if the government will next tax oxygen. 🤯
“Gold (+29%) and Bitcoin (+25%) are the top-performing major assets so far in 2025,” Bilello stated.
Gold and BTC have never shared the top two spots in a calendar year. But 2025 is no ordinary year-it’s a circus of contradictions. Tariff revenue hit $29.6 billion in July, yet the U.S. spent double that. A fiscal tightrope act performed by clowns with no net.
“Despite record tariff revenues, the US spent nearly DOUBLE what it received in July. If we can reduce spending, President Trump’s tariffs could significantly help eliminate the deficit. The gap is simply too big to fill right now,” the post read.
This fiscal chaos has investors scrambling for safe havens. Gold and BTC, the new “safe” bets? One is a metal, the other a ledger of hope and hype. A curious pairing for a world drowning in debt.
“As we have been saying for 12+ months, this is the best possible fundamental backdrop for both Gold and Bitcoin,” The Kobeissi Letter added.
The CME FedWatch Tool now gives a 95.8% chance of a September rate cut. A Fed in denial, perhaps? Or just another chapter in the eternal saga of central banks printing money like it’s 2008 again. 🚀
So, what lies ahead for BTC? A dance with destiny, perhaps. Or a tragicomedy of errors played out on the altar of greed. The market watches, a gullible audience to the next act of financial theater. 🎭
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2025-08-14 16:49