Bitcoin (BTC) fails to rebound against gold as precious metals hit all-time highs. Analysis shows Bitcoin losing as the “debasement trade.” Gold grills the S&P 500, potentially shifting the narrative. BTC slips below 20 ounces in gold terms, circling two-year lows. Gold and silver enjoy price discovery while Bitcoin flounders.

Investment specialist Karel Mercx declares Bitcoin has failed as the “debasement trade.” Capital flows show demand for gold over Bitcoin. Mercx states the narrative is broken, investors choose hard money over the digital experiment. Bitcoin price cycle obituaries mount, urgency builds for market rebound. Crypto commentator calls gold’s performance against S&P 500 crucial.

Mercx previously declared Bitcoin’s four-year price cycle dead. Each cycle shows weakness, now the first 4-year loss. This article does not provide investment advice. Every investment move involves risk. Readers should conduct their own research. Cointelegraph does not guarantee the accuracy of information.

Read more at CoinTelegraph: ‘Book Closed’ On Bitcoin Vs. Gold Debasement Trade