Bitcoin and gold denominated stock market performance wipes out almost any hint of recovery since March.
Bitcoin (BTC), in fact, crushed stock markets during the Covid-19 recovery with equity “growth” simply down to inflation, fresh data argues.
Charts showing stocks denominated in gold and Bitcoin in 2020 show that far from having their best quarter in ten years, markets had no “recovery” at all.
“It’s all inflation”
The perspective is starkly different to the message coming from governments and mainstream media about the health of the economy.
Central bank intervention, they claim, helped boost stocks to clinch their strongest quarterly growth since 2011 in Q2.