I sold some gold a few years back and told the shop “because Bitcoin is all that matters”. They started laughing at me and then told me I’d get less cash for my gold coin because it had a tiny little ding in it. Soooo fungible, the irony.
In 2016, I purchased this piece of gold for $400 as a “risk-off” asset after Trump won.
If I bought the same amount of Bitcoin instead, it would be worth $45,000 today.
This piece of gold is worth $830 now.
Thanks PeterSchiff !
https://video.nostr.build/9054d2fe4c446037d606355ecbf8ba6e134a3566764f33e185b934b5e42951d1.mp4
Discussion
Yeah, that sounds like fiat 😅