Replying to Avatar The Stacker Monster

hopefully you're right. when you look at it in market cap terms, you understand why sovereign nations go to gold though. when you need a place to stuff trillions, you can't go to bitcoin yet, its still too young/small.
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Toxic Bitcoiner 8mo ago

The populous has a role to play too. The US people seem to hold a lot of Bitcoin, whereas as the Indian people like gold.

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The Stacker Monster 8mo ago

i think most of the world central banks like gold. i don't believe any (except el salvador) have a single bitcoin in their reserves.

the central banks have some serious firepower and are pulling out of dollar denominated assets (stocks and treasuries) since trump started his trade war. they are quite obviously piling into gold.

if any single one of them put even a small % of those sales into bitcoin, we'd be well over 100k.

remember, the 25%+ increase in gold value this year added more than 5 bitcoin market caps to gold's market cap