Part 7/14:
While some investors focus on gold and silver, Raul clarifies that gold acts as a leading indicator due to its sensitivity to financial conditions. Historically, gold trends leading crypto, and current data supports this pattern. The gold-to-Bitcoin ratio is near its lowest point, implying Bitcoin is poised for catch-up as liquidity conditions improve.
He emphasizes that the recovery trajectory depends on political stability, with potential disruptions like government shutdowns or policy shifts posing short-term risks. Nonetheless, Raul is bullish on the macro picture, expecting 2026 to be a very good year for crypto, provided confidence in policy and regulation remains.