You probably think it’s a coincidence that gold broke out of an 11-year consolidation against Bitcoin at the exact moment spam started flooding the chain in February 2023? Now, as the anti-spam war is reaching its peak, gold has once again fallen back below that trendline for the first time in 3.5 years. What do you think happens to this trend if the anti-spam effort loses in September and Bitcoin no longer competes with gold as a monetary commodity?

