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Stop setting expectations that bitcoin is going to rise when people find out the gold isn't in Fort Knox. I wouldn't be surprised if the Trump admin makes sure it's filled before going in there to signal economic strength as the world is scrambling for physical gold.

Banking on an empty vault for a bitcoin price pump is setting the market up for disappointment.

The correct framing is: we shouldn't have to wonder whether or not the gold is in Fort Knox, we should be able to publicly audit the country's reserves 24/7/365 and bitcoin enables that. It is very hard to do that with gold, as the last five decades have proven.

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Discussion

PostWarCards 10mo ago

🫡

Lawrence Lepard 10mo ago

Word

Eskedafedaheda 10mo ago

😂

scl 10mo ago

Patience is a virtue. Few have it

Dan 10mo ago 💬 1

Bitcoin is going to rise when when weekly DCA Hits this Friday at 8 am

Ashr 10mo ago

what is the weekly DCA?

Dani 10mo ago 💬 2

DCA in Bitcoin is Dollar-Cost Averaging, where you buy a fixed amount regularly to mitigate volatility. It can be hourly, daily, weekly,…

Ashr 10mo ago

like they guy who has been buying 30 dollars a day for the past 8 years?

Ashr 10mo ago

so every week when peoples pay checks hit and those auto buys hit the prive will bump?

Dan 10mo ago

Haha yes my 10 dollar DCA is going to send us to the moon , Michael saylors DCA on the other hand...

jpfrogmd 🏴‍☠️⚡️ 10mo ago

Agree on all points.

+ feel that 🌽 price would soul-crushingly crash if there’s no gold in fort knox before quickly reversing course and proceed to rip everyone’s faces off

Devon Olsen 10mo ago

excellent take, no need to agitate for price increase, if our thesis is correct, it is inevitable for bitcoin value to increase until adoption overtakes lesser currencies

also... I'm a po boy, keep it cheap longer 🙏 lol

Flemingfarm 10mo ago

There have been reports of the gold moving out of britain and europe vaults so seems likely

gettxoutsetinfo 10mo ago

I’ve never seen you run the numbers before, Marty.

Marty Bent 10mo ago

https://x.com/MartyBent/status/1259927715614019586

R 10mo ago

💯 The only thing I’m banking on for a Bitcoin pump is the passage of time.

LOKI 10mo ago

Odds of Elon putting all spending on a blockchain (I don’t say btc on purpose here). I’m a maxi pls don’t yell at me, I just think it’s the correct question.

TheObserver 10mo ago

The only reason to audit FK is if they want to revalue the gold to current market value and use that to ‘fund’ the government without been laughed out by adversaries telling ’the gold is not there’. I don’t think the gold is there but we never known.

Relic 10mo ago

Yup… almost zero chance when the “official audit” happens some substantial amount of gold is missing. 1) It breaks trust in the institution 2) derivative markets break. Is it there now? Probably not..Will it be? Almost certainly.

https://youtu.be/vEWl6sXLpAU?

McCoy 10mo ago

Let them lean into Gold. More time for the citizens/plebs to stack a better money.

I don’t get why some seem to be rooting so hard for the US to get its fiscal house in order. Aren’t we here to separate money from the state?

Marty Bent 10mo ago

The US getting its fiscal house in order does nothing to change the separation of money and state that bitcoin brings to the world, and it is the moral thing to do. While many people do not like the government (myself included), it would be foolish and immoral not to support the elimination of corruption and waste.

McCoy 10mo ago

IMHO - If it’s a two horse race BTC vs USD; and if USD is strengthened (vs weakened) as *the world reserve currency* then the timing of the world adopting a neutral money will change accordingly. Won’t humans be collectively better off the sooner we get a neutral money?