Sun Tzu Strikes Again, Blockchain-Style

Being impossible to transact in bitcoin in China will certainly make it less attractive and may pressure bitcoin prices quite a bit further, compared to where they settled last week.If inflation spikes further than nominal interest rates rise, that pushes “real” interest rates further into negative territory, which is now helping gold bullion.I think a hypothetical short bitcoin/long gold bullion pair trade would produce superior returns over the summer, as I am not convinced that either bitcoin has bottomed or gold has reached its intermediate-term return potential.