#Strategy加仓BTC Investment guru warns: Gold is not at the bottom, wait for a 20% drop before considering buying

Gold's recent surge has been fierce—marking the strongest annual performance since 1979, with central banks aggressively buying the dip and safe-haven funds flowing in. But "Emerging Market Godfather" MacPurse has recently taken the opposite stance, saying now is not the time to touch gold; he must see it fall 20% before considering.

His logic is compelling: the good days for gold are over. Once the U.S. economy turns upward, the dollar will rebound, which is a deadly blow to gold as a non-yielding asset. Currently, gold prices have fallen back to the $4,600 level, the dollar is just rebounding, and geopolitical risks are easing—bullish positions are shrinking.

Ironically, the world's largest gold ETF holdings have hit new highs. What does this contradiction hide? Opportunity or trap, no one can say for sure.

But MacPurse is bullish on another track. He sees China's stock market as a "growth engine," betting heavily on high-end chips and AI sectors to outpace others. He hasn't missed opportunities in India, South Korea, and Taiwanese investments.

In plain terms, in this asset drought, the scales are tipping between safe-haven sentiment and growth expectations. Whether risk assets like $BTC can withstand this shift depends on future macroeconomic data. Gold's traditional safe-haven status seems to be facing its greatest test in history.