LONG GOLD, BITCOIN & COMMODITIES
This time last year, I said, “Long Gold, Long Bitcoin, Long Commodities – it’s that simple.” Fast forward 365 days, and here we are: gold is up 30%, and Bitcoin has surged by 60%. Sure, I missed the mark on commodities as a whole, but give it another six months, and I’m confident they’ll follow suit.
The reason behind these calls isn’t just a hunch. It’s about understanding liquidity flows and observing the fiscal behavior of governments across a pivotal global election year – culminating with the U.S. elections. Here’s what stands out: not one candidate worldwide seems focused on tackling the elephant in the room: debt. No plans, no strategies, no solutions. That absence is exactly what led me to go long on these assets.
In what seems to be a broader crypto market rally, Bitcoin (BTC) and altcoins have bounced back sharply from recent selling pressure. Bitcoin, currently up 5.4%, has surged past $71,200 – less than 5% from reaching a new all-time high. Other cryptocurrencies like Ethereum (ETH), BNB Coin, and Solana (SOL) have followed suit, showing modest gains, while meme coins DOGE and SHIB are registering double-digit gains of over 10%. This momentum appears to come just ahead of the U.S. elections, riding the wave of what some call the “Trump trade” in both equity and crypto markets.
Bitcoin’s technicals are also showing significant strength. After a sequence of lower highs and lower lows since March, Bitcoin appears to have broken this pattern, potentially signaling the beginning of the post-halving rally. Analysts are forecasting BTC to hit the $80,000 mark by November’s end.
This rally is not happening in a vacuum. Spot Bitcoin ETFs have experienced record inflows, with October alone seeing over $3 billion so far. BlackRock’s IBIT has led the charge, averaging daily inflows of around $200 million over the past ten trading sessions. On October 28, U.S. Bitcoin ETFs recorded nearly $500 million in total inflows, with IBIT capturing over $300 million of that. Since its inception, IBIT has attracted more than $24 billion, securing a place among the top ETFs launched in 2024.
The anticipation for an altcoin rally is also palpable. Ethereum (ETH) has moved past $2,600 with daily volumes topping $21.4 billion, dispelling concerns that ‘Ethereum is Dead.’ Altcoins like Bitcoin Cash (BCH) have gained 8%, Avalanche (AVAX) is up 5.86%, and Cardano (ADA) has added 3.96%, with modest gains of 3% for BNB Coin and Solana (SOL). These moves show the breadth of momentum across the crypto market.
Now, as we stand on the doorstep of the U.S. elections, that silence on debt reduction persists, and the impact is clear. The debt hole is only widening, big enough that even major economies and investors are beginning to edge away from the once-unshakeable U.S. Dollar. Price action and chart patterns are showing it loud and clear.
Solving the deficit isn’t a political priority right now. Instead, we see one candidate ticking off a “hit list” of issues, and another with an agenda that should have been in motion years ago. But as policy speeches turn into word-salad interviews, their lack of substance is undeniable.
In this environment, those over 40 are gravitating toward gold as a time-tested safeguard, while younger investors are securing their wealth in Bitcoin, drawing profits from their chosen asset classes – bonds, equities, real estate, or crypto. The message is clear: if the leaders won’t address the crisis, people are making sure their wealth is protected.
Personally, I’ve ridden the waves of government stimulus and the mainstream narratives, usually opting to do the opposite of what’s being said. It may sound counterintuitive, but those narratives are tailored by the sponsors of these political campaigns. The real issues, like the actual state of the economy, are downplayed or buried under headlines of celebrity gossip or international conflict.
History has shown us how liquidity shapes markets, how asset classes react in times of global tension, and how steady, well-informed hands can steer through it all. Understand the cycles, keep a level head, and there’s profit to be made in the storm.
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