Bitcoin and Gold Rise Together as Investors Seek Safety from Market Crash Fears
-
Bitcoin and gold are rising simultaneously, suggesting investors are seeking assets not tied to the financial system.
-
This happened before in March 2023 during a regional banking crisis, indicating fear of counterparty risk.
-
High yield credit spreads and weak bank stocks also show increasing financial system stress.
-
The macroeconomic landscape has many risks - high debt, rising rates, more bankruptcies.
-
The price action in Bitcoin and gold warns that a market crash may be imminent.
