Watching the Gold price rip is quite something
I am happy to bet that 90% of the buyers don’t understand the benefits of Bitcoin over Gold as a sound money and store-of-value
Given enough time this will change
Which means all that demand, flowing out of debt based tradfi assets they no longer trust, into Gold, is one day pure Bitcoin demand
What a time to be alive
How do you spend a store of wealth if its traceable?
Why does it need to be untraceable?
Just yesterday read an article on Reuters about how gold (physical) was returning to Switzerland after having been shipped to warehouses in the States due to precious metal tariff concerns.
We’re still early.
Absolutely. TradFi wizards are Dollar go up ponzi dealers who have not yet grown their IQ to understand that mathematics doesn’t lie. Most normies listen to them without questioning their logic. But, gradually it will change and then suddenly.
I fully expect that gold will lose 20-30% of its value when the new monetary system running on bitcoin kicks into gear. It happened to China in the 1870s when the West switched off of the silver standard.
Anyone depending on gold long-term is going to get left behind.
Being a gold bug is the natural precursor to becoming a Bitcoiner.
Future metallic bag holders, all of them.
