5 replies to this topic

[Rogerdodger]

Shift from gold into bitcoin? Indian investment into crypto surges - report

The data from last year revealed that crypto investments in India went from about $200 million to $40 billion, the report said. The interest is booming despite India's proposed trading ban on cryptocurrencies. But the volumes are still well behind China's $161 billion, Chainalysis added.

The younger generation's mindset is looking towards the crypto space as the digital gold.

 

Meanwhile in local crypto action... To get in say:  "Guido sent me"

 

[fib_1618]

Shift from gold into bitcoin? Indian investment into crypto surges - report

.The younger generation's mindset is looking towards the crypto space as the digital gold.

 

I've been working with this same idea at Technical Watch for a couple of months now...even shared this idea with subscribers back on May 28th:

 

"This global strength in breadth also extended to the All Ordinaries advance/decline line which rebounded nicely this past week, and this helped push the price index itself to close at new all time highs on Friday. This recent push from "down under" continues to takes its cues from the improving internals in the precious metals asset class as the Precious Metals and XAU advance/decline lines are both challenging their April "rally failure" highs. With continued improvement in the debt asset class forecasting lower interest rates over the next several weeks, it could very well be that our previously forecasted April "tradable bottom" in the metals was the right call, but the continued lack of internal confirmation has kept us from being aggressive in its application. Then again, maybe this time around, there was a split of this April cyclical nesting with the new kid in town as investment capital found its way into cryptocurrencies due to their own intrinsic rarity and evolving safe haven status against global fiat currencies. We'll keep a close eye on this unorthodox theory as things develop." 

 

Fib

 

Edited by fib_1618, 28 June 2021 - 03:45 PM.

[Rogerdodger]

The younger generation's mindset is looking towards the crypto space as the digital gold.

 

Maybe something to it...

 

Bitcoin VS Gold:

 

https://schrts.co/YymmYPht

Edited by Rogerdodger, 29 June 2021 - 09:42 AM.

[fib_1618]

 

The younger generation's mindset is looking towards the crypto space as the digital gold.

 

Maybe something to it...

 

Bitcoin VS Gold:

 

https://schrts.co/YymmYPht

 

 

Yep...with the aforementioned April price lows coming on the 12th.

 

The big test to this idea will come with gold's August cycle lows that usually come around mid month.

 

Fib

[Rogerdodger]

At least there's no chance of fraud with GOLD!

Unless...

 

 

[fib_1618]

At least there's no chance of fraud with GOLD!

Unless...

 

 

 

Yep....personal due diligence where there is risk is always advisable.

 

Fib