From Gold to Bitcoin: Are Hard Assets Poised for Major Gains?

Gold has been on an impressive streak in recent times, hinting at underlying economic worries, according to bitcoin proponent Fred Krueger's latest analysis.

Bitcoin Proponent Highlights Gold’s Impressive Ascent, Predicts Similar Fate for BTC.

Bitcoin proponent and host of the “Two Guys One Coin” podcast, Fred Krueger, recently shared his thoughts on gold’s impressive two-decade performance and its potential implications for bitcoin.

In a video titled “Gold Smells Inflation,” Krueger delves into the precious metal's remarkable journey, beginning with a prolonged slump from the early 1980s to 1999. During this period, investors flocked to stocks, particularly those in the S&P 500 and Nasdaq, while gold remained largely overlooked.

However, Krueger notes a turning point in the early 2000s, specifically around 2004, when gold began to rebound. He attributes this resurgence to the introduction of gold exchange-traded funds (ETFs), which significantly boosted its value.

Krueger highlights gold's impressive performance since then, increasing tenfold compared to the Dow Jones Industrial Average's fourfold growth. He links the recent surge in gold prices to rising economic instability, especially in response to certain policies proposed by U.S. Vice President Kamala Harris.

Krueger draws parallels between these policies and those observed in socialist or communist regimes, expressing concerns over wage and price controls similar to those implemented in countries like Venezuela and Zimbabwe.

According to Krueger, these economic strategies have prompted people to turn once again to gold as a hedge against potential economic mismanagement and inflationary pressures.

In the video, the BTC advocate also explores the relationship between gold and bitcoin, noting that both assets have been on the rise since 2020, despite bitcoin's more dramatic gains.

Krueger observes that bitcoin is on the verge of a significant breakout, potentially reaching new price highs if not for certain market pressures, including U.S. government actions and the distribution phase of coins related to Mt Gox.

Despite these pressures, Krueger remains bullish on bitcoin's future, predicting an “explosive” increase in its value as they gradually ease.

Meanwhile, Jack Mallers, the founder of Strike and a bitcoin proponent, took to X on Aug. 16 to discuss gold's new all-time price high. Mallers also believes that bitcoin is primed to be the next hard asset to climb.

"What happens next?" Mallers stated on X. "The highly indebted market’s currency hyper-inflates against hard assets. Bitcoin charts are starting to look a lot like Zimbabwe Dollar charts… Bitcoin is the best expression of fiat debasement. All aboard the fastest horse, number has to go way up," he added.

What do you think about Krueger’s and Mallers’ opinions? Let us know what you think about this subject in the comments section below.

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