Let’s face it: Karel Mercx, a financial analyst who once scoffed at Bitcoin’s price in 2013, is now the human version of a broken record. He’s declared the “digital gold” narrative officially kaput, because, apparently, Bitcoin isn’t doing its job as a hedge against inflation. Gold and Silver? They’re soaring like they’ve been handed golden wings. Bitcoin? It’s stuck in a time loop from 2008, according to Mercx. One might say the universe is having a laugh.
In a series of tweets that read like a middle school essay on “Why I Was Wrong,” Mercx argues that central banks are waging a “frontal attack on the FED” (yes, he really wrote that with a capital F), and investors are fleeing to gold like it’s the last lifeboat on the Titanic. Meanwhile, Bitcoin is languishing 20% below its peak. “The verdict is in,” he proclaims. “The debasement trade is Gold & Silver, not Bitcoin.” If only he’d said that in 2013… but no, back then he was probably busy sipping chamomile tea and muttering, “This can’t last.” 🤷♂️
The “Bitcoin Derangement Syndrome” Diatribe
Critics, naturally, are doubling down on their “Bitcoin Derangement Syndrome” accusations, a term as vague as it is dramatic. It basically means: “I was wrong about Bitcoin, but I’ll never admit it.” Mercx, ever the denier, insists he’s not a “sidelined” investor-he’s just been through “three BTC cycles.” Translation: He’s been wrong three times but is now confident he’s right. Because nothing says “wisdom” like repeating the same bet until you’re broke. 🎲
His latest theory? Bitcoin’s price is tied to the US 2-year yield, as if the entire cryptocurrency market hinges on a Treasury bond. “Cheap liquidity is rocket fuel for speculative assets,” he says, which is true if you’re launching a rocket made of tulips. But here’s the kicker: Bitcoin’s best years happened when yields were near zero. Now that rates are up? Well, the rocket’s now a dud. Or maybe it’s just a very expensive paperweight. 🚀
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2026-01-12 20:44