FUTURE_GRADE

Gold and Bitcoin are not rivals. They are the same bet against the currency they are priced in, at two different risk settings. This week from Luno.

Tokenisation left the demo phase. On-chain real-world assets hit $31bn by mid-2026. Six networks, six bets, one shift you can't ignore.

Bitcoin is stuck under $67k. We break down what has to go right for a breakout, plus Hormuz, the AI earnings split, and why compute is the new oil.

Why Ethereum outperformed Bitcoin, what July's ETF flows reveal, and whether the rotation is real. Plus the Fed hold and tokenised metals on Luno.

Bitcoin slipped to the 13th largest asset in 2026. Is the digital gold thesis dead or just delayed? Inside the Bitcoin vs gold debate and what comes next.