Here's What the Bitcoin Crash and Gold Rise Drama Looks Like — Now It's Time to Talk About What Happened!

Okay, look what's happening here! 📉 Bitcoin decided to fall from a height of almost 6% in a day — painful, huh? And in the last 24 hours, it added another 3.5% to that fall. And all this in October, which is usually considered a "lucky month" for Bitcoin. 🧐 But not this year!

According to Presto Research, traders rubbed their eyes and said, "What the hell?" because historically, October has been a strong month for Bitcoin, with only two declines in 11 years. But this year decided to break the rules and showed the worst start.

📈 Now hold on to your chair: gold is doing great at this time, up 0.8%. It's like a war veteran here: it's survived everything in the last 5,000 years, and it's called a store of value. Well, yes, that's right, gold is still on the throne! 👑

So, BlackRock is positioning Bitcoin as "the new gold" - a safe asset. But something went wrong. Bitcoin, while it has potential, is still a baby compared to gold, which is 15 years old. Too young to be considered a stable asset.

So yes, Bitcoin has the potential to become a new store of value. #Green_lamp $BTC