SOVUSDT
SOV / Tether USD
crypto

Volatility of each cycle becomes less severe. Look at the charts yourself. BlackRock and other institutions already labeling as risk off.
Gold's recent top to bottom wasn't much better, but its MC is enormous by comparison. Gold less operationally liquid. Larger the MC the less volatile during retail runs. People get crazy during highs/lows.
This is the cost of admission for a less mature SOV. Its properties still fundamentally superior. Why gold could 5x tomorrow and it wouldn't dent XAU/BTC. First to understand benefit from more upside. As they should.

Volatility of each cycle becomes less severe. Look at the charts yourself. BlackRock and other institutions already labeling as risk off.
Gold's recent top to bottom wasn't much better, but its MC is enormous by comparison. Gold less operationally liquid. Larger the MC the less volatile during retail runs. People get crazy during highs/lows.
This is the cost of admission for a less mature SOV. Its properties still fundamentally superior. Why gold could 5x tomorrow and it wouldn't dent XAU/BTC. First to understand benefit from more upside. As they should.

Read. Two statements. One was evidence that it was very much adopted as more than a tulip. Your statement was objectively wrong.
The second was a statement about it being better than gold as a measurement of wealth and SOV. Hence why gold only bleeds to it over time.