#Gold when not held physically is just another IOU with counterparty risk.
Maybe people are fed up and want to own an asset with no counterparty risk?
Maybe they want to own an asset that cannot be debased or confiscated?
Maybe they want to own an asset that does not put trust in a central governing authority to act honestly and responsibly?
An increase in #Bitcoin adoption makes total sense following the #SVBCollapse.
#Fed pivot or no pivot, what is happening in the banking sector is empowering the Bitcoin value proposition.