Crypto and Stocks Thriving, While Precious Metals Quickly Becoming Less Precious

🪙📈The selection of Donald Trump as the next US president, along with Microstrategy and Blackrock continuing to bolster trader confidence, has helped Bitcoin now climb to a new all-time high of $76.5K.

🇺🇸📈Notably, the S&P 500 is also at a new all-time high with high-end investors feeling confident in a likely pro-business economy, and that capital gains taxes will remain steady over the next 4 years.

🥇📉At the same time, gold and silver (normally safe haven investments) have plummeted on this historic day. The increase in market confidence appears to be triggering comfort from investors that they can profitably move money away from precious metals (usually more fear-driven) and into optimistic, speculative assets like cryptocurrency for the time being.

Feel free to bookmark the below link to the price comparison chart of these three sectors, and compare their fluctuations over the next 2 months before the Trump administration begins its tenure. 👍
https://app.santiment.net/s/LSA9d2sz?utm_source=youtube&utm_medium=post&utm_campaign=youtube_btc_sp500_gold_comparison_b_110624/&fpr=twitter

Not financial advice. DYOR.