{"id":28259,"date":"2020-09-06T16:09:55","date_gmt":"2020-09-06T13:09:55","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=28259"},"modified":"2025-08-27T10:36:30","modified_gmt":"2025-08-27T07:36:30","slug":"opinion-bitcoin-and-gold-should-hold-up-amid-a-renewed-stock-market-downturn","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/opinion-bitcoin-and-gold-should-hold-up-amid-a-renewed-stock-market-downturn\/","title":{"rendered":"Opinion: Bitcoin and gold should hold up amid a renewed stock-market downturn"},"content":{"rendered":"<p>Dan Tapiero, co-founder of 10T Holdings and Gold Bullion International, noted a &#8216;troubling&#8217; indicator for the stock market. But in his view, a possible short-term decline in stocks will not affect gold and Bitcoin.<!--more--><\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p dir=\"ltr\" lang=\"en\">Unfortunately, most worrying data point have seen in a while for <a href=\"https:\/\/twitter.com\/hashtag\/StockMarket?src=hash&#038;ref_src=twsrc%5Etfw\">#StockMarket<\/a> from short term perspective.<\/p>\n<p>Certainly an extreme of epic proportions hit on this indicator. Does not seem to be something that can be corrected in just a few days.<a href=\"https:\/\/twitter.com\/hashtag\/Gold?src=hash&#038;ref_src=twsrc%5Etfw\">#Gold<\/a> and <a href=\"https:\/\/twitter.com\/hashtag\/BTC?src=hash&#038;ref_src=twsrc%5Etfw\">#BTC<\/a> should hold up. <a href=\"https:\/\/t.co\/H8YkalEEQT\">pic.twitter.com\/H8YkalEEQT<\/a><\/p>\n<p>\u2014 Dan Tapiero (@DTAPCAP) <a href=\"https:\/\/twitter.com\/DTAPCAP\/status\/1302363113933729792?ref_src=twsrc%5Etfw\">September 5, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The indicator Tapiero pointed to was retail investors&#8217; greatest optimism ever about the S&#038;P 500 index.<\/p>\n<p>He believes the situation will reverse at some point and negatively affect stock prices.<\/p>\n<blockquote>\n<p>\u201cUnfortunately, there have been very worrying stock-market data points from a short-term perspective for some time. Undoubtedly, the indicator has shown an extreme of epic proportions. It seems this is not something that can be fixed in just a few days,\u201d he commented on the chart.<\/p>\n<\/blockquote>\n<p>But if such a scenario unfolds, gold and Bitcoin should hold up, added Tapiero.<\/p>\n<p>Earlier he <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-to-attract-institutions-as-the-dollar-weakens\">stated<\/a> that interest from American institutional investors in gold would positively affect the mainstream adoption of the first cryptocurrency.<\/p>\n<p>From May to August, the correlation between the two assets nearly doubled and reached 0.837.<\/p>\n<p>Subscribe to Forklog&#8217;s channel on <a href=\"https:\/\/www.youtube.com\/channel\/UCC9FnXTC8_ENzaNSO5cHQ6g\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"> YouTube<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dan Tapiero, co-founder of 10T Holdings and Gold Bullion International, noted a &#8216;troubling&#8217; indicator for the stock market. But in his view, a possible short-term decline in stocks will not affect gold and Bitcoin.<\/p>\n","protected":false},"author":1,"featured_media":28260,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,536,1138,1211],"class_list":["post-28259","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-gold","tag-opinions","tag-stock-market"],"aioseo_notices":[],"amp_enabled":true,"views":"28","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/28259","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=28259"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/28259\/revisions"}],"predecessor-version":[{"id":28261,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/28259\/revisions\/28261"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/28260"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=28259"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=28259"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=28259"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}