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Replying to Avatar ºfᵗ₃ʳ Vᵃˡᵏₐᵈ

Don't you think #Bitcoin can make #gold drop in price? 🤔

Thinking the following:

There are large amounts of gold as a store of value worldwide. Bullion type gold to support #currencies such as the British Pound for example.

So... If a #deflationary currency like #BTC doesn't need gold backing, then that gold may be sold.

They do not believe?? 😎

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uncle🦍chalmers 2y ago

Bitcoin is INFLATING at 6.25BTC per block right now.

I do think it could steal market cap from gold.

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