It’s not a coincidence that central banks started buying gold by the cartload in 2018 … then cranked up the purchases in 2022.

2018 was the first big round of U.S. financial sanctions against Russia for its invasion of Ukraine.

Then in 2022, the sanctions jumped to unprecedented levels. Part of those sanctions involved currency controls and cutting off Russian banks from the U.S. financial system. That convinced central banks around the world — not just in Russia — that they needed real money — HARD money. Gold. These banks are not set up to buy Bitcoin yet. They are probably close to being set up and at that point, I expect to see them buy as much Bitcoin as they can. There will be a lack of supply and the real price of Bitcoin will start to be realized.