When Bitcoin surged higher on July 11th, so did the silver price. If we compare the Bitcoin and SLV ETF (silver price), both surged higher on July 11th, peaked simultaneously, and have traded similarly over the past week. Additionally, I explore why the future price of Bitcoin may be constrained by its rising production costs.
In my latest YouTube video update, I discuss how the prices of Bitcoin and Silver have been trading in tandem and why I believe rising production costs may negatively impact Bitcoin’s much-anticipated massive future price potential.
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Thank you Sreve.
It is fascinating to see silver and Bitcoin trend together. But I do not see this lasting for long. When the Bitcoin EROI catches up to it, silver trends will diverge up and away from Bitcoin, as Bitcoin collapses. This video made me revisit two videos you did on the Bitcoin cost of production, compared to gold or PMs generally: 1. PROFITABLE GOLD MINING VS. THE BITCOIN MINING FIASCO: Must Watch Video Report (November 16, 2024) https://srsroccoreport.com/profitable-gold-mining-vs-the-bitcoin-mining-fiasco-must-watch-video-report/ and 2. GOLD vs BITCOIN: What The Market Doesn’t Want You To Know
https://srsroccoreport.com/public/gold-vs-bitcoin-what-the-market-doesnt-want-you-to-know/? (September 9, 2024).
thank you. So when SLVETF and BTC trade highly correlated (up), the short squeeze narrative could be a myth. Likewise the „ glut“ at the Comex. There definitely is increased physical delivery there. Other than that, there has been a lot of eligible Ag , which can be „rebranded“ to registered easily.
i dont think cost of production is a reason why silver and bitcoin now trade together..
i mean how much cost of production when up of bitcoin from the start? and how much cost of production of silver when up in the same time frame.. and now they trade togetther
here is a article i was glad to read ( its really long one, but worth time to read)
https://unlimitedhangout.com/2024/07/investigative-reports/trump-embraces-the-bitcoin-dollar-stablecoins-to-entrench-us-financial-hegemony/