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$BTC & $XAUT TWO DIFFERENT ASSETS, ONE MACRO STORY. Bitcoin and gold don’t usually trade like twins. But when the macro backdrop shifts, their price action can start telling a surprisingly similar story. That’s what I’m watching right now. BTC brings the risk-on side. Gold brings the defensive side. When both start responding to the same liquidity, rates and dollar expectations, the correlation becomes far more interesting than the chart alone. #WalshInflationRisk #BTCGoldCorrelation