$XAU This wave of precious metals mimics the trend of Bitcoin, which is simply amazing.

To put it simply, gold and silver have broken out of a multi-year descending wedge, which is a signal of an epic bull market. Since November, silver and gold have surged by 135% and 35% respectively when priced in Bitcoin, while Bitcoin itself has dropped by 22%.

This has left many people puzzled. Compliance is advancing, Wall Street is embracing it, yet Bitcoin is lagging behind these 'dinosaur assets'? The objective fact is that due to the severe over-leverage of derivative paper silver/gold, physical delivery has completely broken down, leading to this violent catch-up.

What’s even more hardcore is that Tether is quietly building the world's largest non-sovereign gold reserve (over 140 tons), which is likely an early signal of the upper echelons using gold as a 'bridge asset' to transition to the Bitcoin monetary system. Once the U.S. re-evaluates the gold reserves that haven't been touched in 50 years, the value will soar to 1.3 trillion dollars.

The script has already been written. Forcing funds to leave U.S. Treasuries for gold, weakening the dollar to maintain manufacturing, and then re-evaluating gold to allow Bitcoin to capture the benefits of the massive liquidity injection. Don't just focus on the current pullback; liquidity will shift from metals to the Russell 2000 (IWM), and finally rotate to Bitcoin.

Keep an eye on the breakout of the Russell index; Bitcoin usually lags by a few months, which is a prelude to its violent repricing again.

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