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Mags 10mo ago

Fort Knox > Mt Gox

425 billion 450 million

This could be the biggest rug yet

Ironic if Bitcoin crashes this cycle because of lost/stolen Fort Knox gold, leading to a major risk on event

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Discussion

William ₿ Travis 10mo ago

Bitcoin crashing means a flight back to the dollar. If there's no gold, a flight to the dollar seems insane. it should be flight to the best asset.

Mags 10mo ago

It does seem insane, but people flee assets that are 1) liquid & 2) have a perception of stability, so I think initially BTC would still draw down with a risk event like that

William ₿ Travis 10mo ago

I get it, but it's still insane.

Mags 10mo ago

Investigators have traced much of the Mt. Gox Bitcoin that was stolen in the 2014 hack... but there's little hope of being able to do the same for Fort Knox gold

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