- Behold! The price of Gold, that most golden of all things gold, stands but a whisker—nay, a mere powdered peruke’s width—from its ever-loftiest summit, while the world’s great powers toss sabres and make a spectacle most unbecoming! ⚔️🥇
- The Bitcoin theatre, not to be outdone on the boards, parades forth institutions hungrier than a Parisian after Lent! Their coins now bustle through the ledgers with more commotion than a notary chasing unpaid taxes. 🪙🕺
Sirs and Madames! Attend, for on the sixth day of May, e’en as the poodle pooped in the grande salon, that lustrous dame Gold (XAU) pirouetted nearly 3 percent upward, trading at the oh-so-aristocratic price of $3,424 per ounce. The cause? What else but a military spat between India and Pakistan—just your run-of-the-mill bickering, only with more fire and less tea service!
Gold, ever the flirt, courts the admiration of central banks everywhere, whilst the U.S. dollar—so proud, so puffed-up—staggers under the jealous gaze of the Pound, the Yen and that ever-enigmatic EUR. Meanwhile, global trade negotiations have thrown the equity markets into a farce that would make even a commedia dell’arte troupe blush. Stocks in the United States, dear reader, flail with the grace of a goose on hot coals!
Gold Price Eyes Parabolic Rally
The augurs and soothsayers of Technical Analysis—whose charts resemble a Parisian tangle of wigs—portend a parabolic rally for Gold, much reminiscent of that extravagant episode in 1979. Continue, dear demand, and Gold might soon ask four thousand dollars for a mere ounce of its luster before 2025 takes its final bow. Oh, glorious inflation! How you do gild the lily! 💸🎭
Expected Impact on Bitcoin Price
The Gold rush, in turn, has sent Bitcoin bulls into a curiously caffeinated frenzy: up nearly 1 percent, which in the crypto world is but a light breeze—but hey, everyone needs a reason to post memes. Ahead of the next Federal Funds Rate and the FOMC’s dramatic reading—Romeo, Romeo, wherefore art thou stimulus?—the price of Bitcoin pirouettes most theatrically!
$500K+ $BTC this bull market is more realistic than it sounds.
The current total market cap for GOLD is $22.6 Trillion.
My target for GOLD over the next few years is >$8K per oz. This would put it’s mcap over $50T. #Bitcoin currently has a market cap of less than $2T.…
— K A L E O (@CryptoKaleo) May 6, 2025
When the great and noble institutions (or at least those with the shiniest boots—Strategy! BlackRock!) whistle for their servants to sweep cash from yonder Gold and press it into Bitcoin’s eager virtual hands, a parabolic rally is nigh for our dear crypto actors. Anticipate more drama than a Marquis caught with his mistress! 🎩💃
Let us not forget, the Bitcoin Futures Open Interest—such a phrase!—now swells to $63 billion, doubtless to the delight of mathematicians, comedians, and desperate speculators alike. Prepare thy wigs and ready thy purses, for the show, dear friends, goes on.
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2025-05-07 01:14