Bitcoin (BTC) and Gold (XAU) 'Melt-Up' Coming: Tuur Demeester

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Fri, 04/10/2020 - 11:43
Vladislav Sopov

Prominent analyst and author of the 'Bitcoin Reformation' theory, Tuur Demeester, knows which are the most secure assets in this market depression

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Contents

Amid the stock market collapse caused by the COVID-19 outbreak, it is hard to believe that there are analysts whose predictions still remain strikingly accurate. Tuur Demeester of Adamant Capital is one of them.

'Melt-up' instead of meltdown

It looks like this pesky 'decoupling', i.e. the disappearance of a positive correlation between the stock market indexes and the Bitcoin (BTC) price (or net crypto market capitalization) dynamics is a done deal for Mr. Demeester. Thus, he suggests his audience get prepared for the rise of the orange coin and yellow metal. 

Yesterday, he compared the situation with the U.S. economy to the Great Depression of the 1920-1930s. That's how he evaluated the new jobless claims statistics as well as another series of stimulus packages.

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Major Bitcoin (BTC) Analyst: What Happens if Fed Doesn't Print Cash Now

The perspectives of Bitcoin (BTC) reveal another story for Mr. Demeester. He believes the upcoming third Bitcoin (BTC) halving will have a positive effect on the flagship crypto price. He is treating it as a 'Quantitative Hardening' in contrast to governmental emergency measures:

Bitcoin QH3 incoming... T-minus 37 days

Bitcoin (BTC) + Gold (XAU): emergency kit?

Mr. Demeester was a seasoned advocate of Bitcoin (BTC) and Gold (XAU) investments even before this insane collapse began raging. Three weeks prior to Black Thursday, he announced that these assets will account for two thirds of his doomsday portfolio until 2040.

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Tuur Demeester Reveals His Portfolio 'Until 2040', Bitcoin (BTC) Mentioned

These days, more and more investors and traders are adopting a similar combination for their portfolio. In recent weeks, similar announcements have been made by Mike Novogratz of Galaxy Digital, Dan Tapiero of Gold Bullion International and Willy Woo of Adaptive Capital.

Nevertheless, some investors like Raoul Pal see Bitcoin (BTC) and Gold (XAU) accompanied by the U.S. Dollar. 

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About the author

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)

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