TechFlow news, November 26: Matrixport released a chart today stating, "According to pricing implied by federal funds futures, the market now expects an 84% probability of a Fed rate cut on December 10, while the probability of holding rates steady in January next year has risen to 65%. Under such an interest rate path outlook, even if a rate cut is implemented in December, the overall monetary easing will remain limited.
Compared to Bitcoin, gold has a higher correlation with U.S. fiscal deficits and Treasury issuance pace, making it more directly effective in hedging against fiscal expansion and rate cut expectations. Bitcoin, on the other hand, relies more on tangible inflows of new capital, which have not yet noticeably materialized. In this environment, the divergence in performance between gold and Bitcoin is likely to persist in the short term."
