It’d be hilarious if China yet again ends up bagholding the weaker money and then takes another century+ to recover. It takes a special kind of idiot to choose gold over Bitcoin at this point.
Discussion
This is the purpose of BTC and why it was created.
You know, I'm somewhat of a retard myself.
I thought about this the other day 😂
Their plan
Chinese middle class after finding out they are poor again
https://video.nostr.build/991a659592edcf434893ea7f795264d45ddc8c9e967675b968b5a0eb7088b643.mp4
I've had very similar thoughts.
Eloquently put.
Very true
I can't stop thinking about this Lol
hopefully you're right. when you look at it in market cap terms, you understand why sovereign nations go to gold though. when you need a place to stuff trillions, you can't go to bitcoin yet, its still too young/small.
The populous has a role to play too. The US people seem to hold a lot of Bitcoin, whereas as the Indian people like gold.
i think most of the world central banks like gold. i don't believe any (except el salvador) have a single bitcoin in their reserves.
the central banks have some serious firepower and are pulling out of dollar denominated assets (stocks and treasuries) since trump started his trade war. they are quite obviously piling into gold.
if any single one of them put even a small % of those sales into bitcoin, we'd be well over 100k.
remember, the 25%+ increase in gold value this year added more than 5 bitcoin market caps to gold's market cap