
Joe Burnett, MSBA|11月 26, 2025 15:41
Gold jumped ~15% last quarter, which added ~$4 trillion to the total market value.
Tether and global central banks bought just over $10 billion of gold.
Even if some buying is underreported, it shows how little marginal capital it takes to move a scarce asset.
Bitcoin. 🟠👀(Joe Burnett, MSBA)