Global Feed Post Login
Replying to Avatar Marty Bent

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.

Avatar
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

Reply to this note

Please Login to reply.

Discussion

No replies yet.