What if Gold-versus-bitcoin rotation reallocates haven demand?
A subset of haven demand rotates from gold into BTC as a higher-beta inflation hedge, lifting BTC at the margin relative to bullion.
The butterfly cascade
How this trigger trickles across markets, left → right — the root shock, its first‑order moves, then the ripple effects. Drag any node; tap a market for its real price history.
Resolution timeline — how this probability is moving
Our model's odds (electric blue) over time vs the market's (Polymarket, amber), from the past toward the 6–18 months horizon. Each dot is a real macro event that nudged the probability — green pushed it up, red pushed it down. Tap a dot for the source. Loading the probability audit trail…
What it would mean
If this plays out, it is a mixed shock. A subset of haven demand rotates from gold into BTC as a higher-beta inflation hedge, lifting BTC at the margin relative to bullion. The trigger decomposes into signed root‑shocks — Bitcoin ▲ · Gold ▼ · Crypto confidence ▲ · Risk appetite ▲ — which propagate through our causal graph to the markets below.