It will never be proven empty because no one cares , it’s a paper charade all they look at is pieces of paper contracts etc I’ve watched this type of conversation for years the same thing might be possible with bitcoin
Without majority of people using self custody 🙁
Yeah I agree with all of that, I was just thinking if it were to happen, which I don't think it will, what would actually happen?
Does the US dollar drop by 10%, China sell it's remaining US bonds? Etc etc
I don’t think anything thing much would happen to usd as its not backed by gold at all now , most people don’t care again, even if it did move by 10% they’d forget about it the next week lol the whole system is setup to reward asset holders so that keeps em quite like a frog in water being heated gradually 😏
Yeah that's true, this system infinity pumps everyone's bags but you might see gold double in price? Or half in price? I think it would have interesting implications, Bitcoin might double immediately? I dunno just interesting to think about how the market would react because the market always reacts but you're right it's easily forgotten a week later 🤣
Yeah I agree gold will react but their paper trading shenanigans has in the past later smashed it lower for long periods of time I know cause I was there lol
But in general gold will rise at their controlled rate
In my view Bitcoin does it own thing ! when it’s ready , not when we what it to ! not when people are bullish talking it up
