Russia and China have been mining bitcoin for years now. They know the game and are all in 😉
Bitcoin is far more superior than gold! It’s def one the future reserve assets alongside with other things
Discussion
So why do they buy gold too? Is there an advantage to both( I think no since superior money can always buy more of the less) unless it's 4 D chess somehow to raise price on one to sell for the other?
They are buying gold aggressively. Couple of reasons; to back their own currencies with hard money, short US treasury bills/bonds (their yield is spiking), short US paper gold which the US doesn’t have
They are de-leveraging because they know the US dollar is cooked
I see. If I were more of a history buff I would look at what happened in the past. I know there's the gold/silver story with India/China and Great Britain,but those were both physical commodity monies.
So I wonder how long the Bitcoin/gold duopoly can last.
Bitcoin/Gold/Commodities and exports for a long, long time imho
real commodities... i've got a lot to learn here.
e.g.
round bales are 50$, weigh several hundred pounds, last for a couple years. and feed maybe 10 cows in a day...
Yes
Essentially what Russia and China are doing. Russia provides oil and minerals and China provides tech/ products
very interesting. back to barter. funny