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Bitcoin does better when it's facing a challenging times that's why it did better in Gary Gansler era than the Trump era because it needs more attacks towards it to grow. The more favourable things get the more people view it as part of the same financial system, but when the establishment starts attacking it again people will see it as the escape valve that it is.
When gold marketcap goes up, your gold coins don't get the same percentage gains as they are adding more gold on the market at 2% annually
Same is for Bitcoin but in a much lower rate of 0.8%