Maggie Lake Talking Markets Episode 97: Is Gold's Pain Crypto's Gain? With Noelle Acheson.
Oct 22, 2025
Noelle Acheson, a markets analyst and author of Crypto is Macro Now, joins to explore intriguing financial dynamics. She discusses how the recent gold correction may actually benefit crypto, particularly Bitcoin's appeal as institutions consider reallocating their assets. Acheson warns about potential complacency in the markets regarding US-China relations and inflation risks, while emphasizing the complexity of Bitcoin's role as both a risk asset and a safe haven. The conversation also touches on upcoming Tesla earnings and the current state of the altcoin cycle.
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Gold Pullback Restores Market Sanity
- The gold correction was overdue and restored sanity to an overheated safe-haven market.
- Retail panic buying had created froth that didn't match institutional behavior, so the pullback was healthy.
Queues At Bullion Shops Raised Alarms
- Noelle described videos of retail investors queuing at bullion vendors as disconcerting and signaling market froth.
- She questioned why that retail panic didn't match broader market moves, prompting the welcome correction.
Central Banks' Steady Gold Demand
- Central banks remain steady, long-term buyers of gold and will not scramble to move markets.
- The debasement narrative persists, keeping professional demand for gold intact despite retail ebb and flow.