GOLD

wecallthempoor

"The problem isn't with Gold it's with humans!" Absolutely fucking idiotic. That means the problem is with GOLD. Is Schiff saying that in order for Gold to work, humans need to all become like Christ? The reason Bitcoin was invented is because it is a system build to withstand the corruption of human beings. Gold is actually a worse system than Fiat which is why Fiat overtook it.

analogOnly

He accepts BTC for GOLD on HIS website. 💀 Peter Schiff is an actor.

KneesBent4RoyKent

The BTC graph shows 1 week, GOLD graph shows a month..........................................

DanDemanz

Ur story is GOLD! 🤩 Sorry about the $54M

Virtual-Translator96

Your son has a good taste, fender guitars are gems, but BTC is GOLD, well this is my opinion, I know there are people that appreciate more instruments due to the fact they were trees, then wood then something that touch the reality itself with sounds, but BTC is generational wealth.

Emotional_List_4583

GOLD

originalrocket

So CPI print high was actually good for BTC? But no chance of rate cuts now. GOLD is going up too. Now I'm a bit confused on BTC's purpose as a store of value. We crashed on the news, but now going up. Just weak hands people trading it as a stock?

SomeAreLonger

FIAT people towards BTC "and they can't even hold the currency because it's made out of nothing!!!" GOLD people towards FIAT "and they believed that printed notes are the same as the stuff we pull from the ground!!!" The reality is that the old school cannot comprehend the new because their ego won't let them.

newtimes7

WARNING ⚠️ GOLD STANDARD PORTFOLIO BELOW: 1)🪙 FILECOIN is the next bitcoin. FIL $5 It's blue chip DePin sector Leader (Decentralized Physical Infrastructire Network) Meaning here in DePin, u cannot create a coin out of thin air like doge. U gotta back it up with the most expensive mining machinery money can buy. Mining spread globally. SSD hard drives, NVIDIA 4080 are minimum enter requirements. Mountain sized penalty if miner goes offline for a second ⛰️. Filecoin provides free storage whereas Google cloud ☁️ , Amazon Web Service charge 100x more. Recent clients CEARN Labatory. Harvard. Filecoin is backed by heavy Chinese miners, same guys who went heavy bitcoin mining 2014. With data storage being the most expensive part of owning a smartphone, or a college database, Research organisations. Aka Datageddon. FIL is one stop solution. Like iPhone for mobile. 2)🪙 FLARE NETWORK FLR $0.04 FUNDED BY RIPPLE. Truly decentralised Oracle. Provides Smart Contract for non smart contracts chains like btc xrp doge ltc. Bank of International Settlements is testing a pilot project with 8 Central Banks in 2024 to use Smart Contract Defincomnanies to send International payment through blockchain. Because large payments cannot be sent without counter checking 100 parameters. Google it. In simple language Flare Network offers interoperability. 👌 Which is the golden egg of defi. Interoperability is using At&t internet on an apple iPhone sending Google's Gmail to Yahoo user using an android smartphone. Cross-chain interoperability refers to the ability of different blockchain networks to share data, assets, and functionalities securely and seamlessly. Bull run 2025 price $2 $10 by 2026 Flare offers defi to BTC. FBTC gets created & earns 5% anually. Secured by 2.5x collateral. 1x by Eth or USDT & 1.5x by Flare. So for 1 FBTC $60,000 of USDT or ETH has to be put up as collateral & $90,000 worth of Flare. Just for 1 BTC. U can see that we'll run out of flare like a rich bachelor in Hong Kong. 😅 Funded by Ripple, if u forgot. 3)🪙 XRP has won court case & is waiting for judgement in a month or 2. Invest heavily. SWIFT $15 Trillion a day volume, Blackrock launching RWAT Real world asset tokenization last week. All this will put heavy load on a Bank's blockchain Ripple. $100 easy. $500 by 2026 RWA is where a Bank converts your house, painting, german company's sgares, into 1000 Xrp & giving u liquidity in an illiquid asset class global. I charge for my years of experience. No freebies here. Kindly pay fee if u expect my future services, guidance & to invest your capital well. And my bull run 2025 partial exit plans. Plus it took too much time to write ✍️ all this. I'm exhausted. My Tron (TRC20) USDT Address: TM9DA7qJJBmJBHoPcqGLALcNPYsYX96vp7 USDT on Tron blockchain ensures 0 fee while sending. 👍 Take care & have a wonderful journey. And everyday give $100 or job to someone in need once u make it big in digital assets.

MysteryLiezer

Well, how much of your portfolio is allocated to Silver? What about Google stock? Amazon? How much Amazon stock do you own? Okay, I get it; Amazon is only the 6th most valuable entity on this chart. So how about GOLD, then? Surely, the person who can’t imagine betting against the 9th biggest asset on Earth isn’t betting against the literal BIGGEST asset on Earth, are they? It’s not weird that people are betting against bitcoin; different strokes, for different folks.

PopFirm5291

I just FCKING hate when there a small dip and people are freaking like it is a FCKING end of the world. You are HOLDING A FCKING STRONGEST ASSET IN THE WORLD RIGHT NOW. THAT IS BITCOIN. ABOUT TO SWALLOW UP THE DAMN GOLD MARKETCAP AND LATER REAL EASTATE.

Professional-Sun2825

Yeah, but GOLD :) ....

Yasha666

Just for a bit of context, there is some serious rumblings in the gold/silver scene. Normally-conservative commentators are predicting big moves in the immediate future. King World News pretty bullish too…… “Gold futures have just broken above the $2,300 level and silver is now $26.30, but you haven’t seen anything yet. Gold & Silver April 2 (King World News) – Graddhy out of Sweden: Very big picture there is a massive divergence between GOLD & SILVER. Last time the two had a larger divergence like this, silver played catch-up big time. And this time, silver will break out of a 43-year+ cup and handle. So the over-shoot this time should be absolutely mega.”

nassauboy9

When Y2K ended I did buy gold and silver sir. Then in 2009 I diverted savings to BTC, why because had all the benefits of gold and then the easier physical storage problem was solved, and transferring the asset was both instant and required no third party agreement or transportation issues (yep I have been stopped boarding a plane meters from the door and asked by a tactical unit if carrying more than 10K in "GOLD". Yep specifically asked about "gold". BTW - I was not, and I also have no criminal past. So yeah I still have some precious metals, but my believe is that the greater portion of assets will move to digital, like everything else. I still agree having some gold and silver is nice, its impressive to hold and look at, and has a value to be sure arround the world.

AndrewHWK

For everyone: what do you think about PAXOS GOLD?

Anti_Wokeism

You are so wrong lol. Bitcoin is the GOAT it’s not store of Value, it is the equivalent of GOLD.

thetaleech

The ONLY aspect of gold that is superior is malleability. Silver is right there with it. Copper is malleable, but not quite as much. We are able to make copper just as thin as gold - it’s “less easy” but not in any significant way with modern tech. Copper and silver are both resistant to corrosion too. Everything you listed is true, but also true of copper (except luster) and are all just more reasons we choose copper. It’s just as good as gold but LESS RARE, LESS SHINY, AND THEREFORE CHEAPER. My entire argument is built to shut down the anticrypto crowd who says “CRYPTO IS NOT LIKE GOLD BC GOLD HAS INHERENT VALUE.” The inherent value of gold is simply not a real factor in its real world value. That is about RARITY, NOT USEFULNESS. BTC IS like gold.

G_Star_X

You fuqed up bro.. Bitcoin is for these fanboys lol.. Real men are buying GOLD. Gold is up 22% over the last 3 months killing bitcoin in that time.. Furthermore just look at what all the elites are buying right now.. Bunkers and GOLD!! They are not buying bitcoin bro..

G_Star_X

Fuq you buddy.. I invest in GOLD. Get out of here with that arrogance as if you are the smartest dude in the room lol.. The Elites do not buy Bitcoin.. They buy gold..

DefiOpt

I was living on the Gold Standard until 2024. I transitioned to BTC. It’s not new to me not living on worthless fiat currency, but it’s more fun to live on BTC standards than GOLD. If you are reading this post and still living on the Fiyat system, you should consider moving BTC standards. It’s hard to process all, but as time passed, you did not even look back or remember your Fiyat currency name. Here is my process; After paying all expenses, every dollar terns BTC. All my passive and broker incomes also go to BTC. I create a report at the end of the month to look at how money BTC i have. Here are the pitfalls: sometimes you spend your BTC covering some expenses but value less than you expected; in this case, consider that you went to Europe, and the dollar/euro difference automatically makes you more mindful of spending less. When BTC goes up, you feel more prosperous, spending more and buying what you want. That is the beautiful part of living outside of the fiat currency. Our founding fathers discovered it, and they wrote the constitution saying America’s currency is silver, but today, politicians and government are forced to use bankers' money. In this case, BTC plays a significant role in shaping every person's finances regardless of color and end ethnicity, so equal wealth distribution has just started, but still %70 of humanity is sleeping. Wake up before it gets too lat! Cheers

SettingIntentions

This. As I've thought more about it, and heard from my family how interest has increased prices of goods so much, it's made me more and more interested in crypto long-term. I do think BTC is like digital gold. I don't know how I feel yet though about satoshi's and trying to popularize BTC for sending and receiving payments. On one hand it is great to receive BTC and then hold it, but at the same time in my experience sending BTC can be a bit slow. I guess that's the point of lightning network. Still, I wouldn't buy products or services in GOLD if I had a lot of it. I would instead opt to pay with my USD, and just keep GOLD as my longer-term savings and medium-term savings. Thoughts on this? Some people in the community that I know act like BTC is completely going to be the future, but I'm not sure that I see it yet. I see it as a form of digital gold to protect one's assets from inflation, but so far as I can see I think fiat is here to stay, especially because it'll help the government (whichever one that's in power) hold power over the citizens via inflation and all of that. Also because the economics of BTC make it inherently a bit deflationary. Why would I want to spend something that is going to increase in value (or hold its value) as time goes on? I think I read somewhere before that in the Great Depression the USD was deflationary a bit, and so people didn't want to spend their money because it would be worth more later. I could be wrong here. I'm just tossing out thoughts for discussion...

HODL_monk

Dude, we are talking about the US, there is NOTHING wrong with wanting to make money here. Comparing Video games to Bitcoin mining, neither of these things will 'dump chemicals right in the river', so that is a straw man argument, but if you want to play that card, why don't we put the excise tax on GOLD mining, which DOES pollute the environment ? The reason is, of course, Bitcoin is the new new thing that we have to hate on now, according to the media, but our grandpappy panned gold in the gold rush, so that is nothing to be concerned with, because its grandfathered in.

bitcoin_islander

Have a look at the logarithmic chart of GOLD/BTC. Thank me later.

Expo24816

It does something, it appreciates in value over time. Fiat depreciates every year due to money printing causing inflation. BTC appreciates due to a fixed and limited supply and deflation from people losing their coins every year. Also, I'm not gonna explain all the great features it has. Go on YouTube and type in "Anthony Pompliano, BTC vs GOLD vs Fiat" and look at the chart and listen to the video, it's only like 4 minutes long. Also, by 2054 you probably will be able to make more purchases with BTC. People will be buying cars and houses with BTC.

bitcoin_islander

Gold is not a hedge. Have you ever looked at the GOLD/BTC chart? I suggest you do.

rockyharbor

Gold, this is GOLD! Jerry

Educational_Speech58

Dud Im 62 older than you I goit more btc than you . I know nothing the ww2 babby boomers got in early in invsting thy are old mony land high rise building ect. THE3 DOLLARE WILL NEVEER GO AWAY. GOLD WILL NEVER GO AWAY YOU dont under stand American system thy will ge t there tax money trust me

SegheCoiPiedi1777

Personally, I think that whether or not BTC surpasses GOLD in market cap is a binary outcome. Either it gets adopted by nation states and institutions or it does not. I don't think BTC can become a 13+ Trillion asset class just with retail investors and following the "conventional" path of climbing to ATHs post-halving. In other words, either we will see it happen very suddenly or it won't happen. It's not like if tomorrow Qatar and the UAE announce they are holding BTC as a reserve asset, other countries can NOT opt-in. At that point, game theory kicks in and everybody jumps in.

01reid

The dollar was ok for a while until they got rid of the GOLD STANDARD in 1974

Buttcoinmodssuck

How does the entire world use GOLD? How does the entire world use Property? Ethereum exists as a problem looking for a solution. It is NOT a store of value and it is not a unit of account. It is a security that was pre-mined and like all shitcoins it will tread to zero against Bitcoin.

rcmcom

🧮 I have an answer for the future price (2025 year end) of BTC with real FACTs/statistics/analysis/numbers: Analysts from BOA estimated that $93 million USD are needed to increase the price of BTC 1%. [Source - Bloomberg (2021)](https://www.bloomberg.com/news/articles/2021-03-18/have-93-million-you-may-be-able-to-boost-bitcoin-s-price-by-1) So far, we have had (since ETFs inception) $6 billion inflows, that made the price jump from $38,000 to $70,000 (validates exactly BoA analysis ✅). You can EASILY calculate future price by increasing the BTC price 1% every $93 million added net inflow. It is estimated that GOLD ETFs (Global) have $200b net assets in custody worldwide (World Gold Council). It is also estimated BTC ETFs assets in custody will get to $150 billion by 2025, that would be $100 billion more inflows added to current total assets in US (just US) ETFs (Grayscale still the largest). [Source (Nasdaq) ](https://www.nasdaq.com/articles/spot-bitcoin-etfs-will-see-%24150b-inflows-by-end-of-2025-says-investment-professional%3A#:~:text=Smart%20Investing-,Spot%20Bitcoin%20ETFs%20Will%20See%20%24150B%20Inflows%20By%20End,Investment%20Professional%3A%20'Remarkable'%20Demand&text=Ric%20Edelman%2C%20founder%20of%20the,by%20the%20end%20of%202025.) Let's do the math for just $50 billion inflows (half of what is estimated 2025). 💻 If you input this to ChatGpt 4.0: "An asset needs inflows of $93,000,000 USD to raise 1%. It is currently trading at 70,000 usd per unit and has a market cap of $1,300,000,000,000. With new inflows of $50,000,000,000 what would be its price per unit?" RESULTS: With the new inflows of $50,000,000,000, the price per unit of the asset would increase to approximately $446,344.09 USD. Link to Chatgpt analysis: [Link](https://chat.openai.com/share/9774f5d9-28d5-4ff5-9d34-969669ec354b) 💵 This is a real number for BTC price: $446k Thanks. R.

foz_fozool

Dear sir/madam; I am clearly saying that buying GOLD from a vending machine is dumb.

DepartmentTall4891

$0 is realistic when BTC GOLD comes out and BTC ULTRA, BTC SUPER ULTRA, BTC PLATINUM, BTC SUPER PLATINUM, BTC DIAMONS, BTC SUPER DIAMONDS.

mookizee

What comes next? 7Google1.68 t 6Amazon 1.82 t 5 Saudi aramco 2.05t 4 nvidia 2.18t 3Apple 2.63t 2Microsoft3.01t 1GOLD 14.7t

am-i-a-peepee

Not really bitcoin, but the fact that people are too stupid to understand and have a hard time grasping what it is. IT’S A DIGITAL CURRENCY THAT OPERATES ON A DECENTRALIZED NETWORK CALLED BLOCKCHAIN THAT ALLOWS FOR PEER TO PEER TRANSACTIONS WITHOUT THE NEED FOR INTERMEDIARIES LIKE BANKS, AND ITS SCARCITY IS ENFORCED BY ITS CODE, MAKING IT A STORE OF VALUE AKIN TO DIGITAL GOLD. All summed up in one sentence and these dumb mfs still won’t get it.

Putrid_Pollution3455

20% as part of my modified permanent portfolio of 20% each into VOO/TLT/USFR/GOLD/BTC.

hideo_crypto

It’s interesting to note that gold price was $332 when the first gold ETF GOLD was introduced into markets in 2003. https://www.marketwatch.com/story/how-gold-etfs-have-transformed-market-in-10-years-2013-03-29 My opinion is that there will be steady growth with shallower dips here on out. I think any huge pumps will be tempered by ETF profit takers from huge funds and vice versa for any big dips. There are also people saying huge funds can now manipulate BTC prices. I have no idea what I’m talking about.

rcmcom

🧮 I have an answer with real FACTs/statistics/analysis/numbers: Analysts from BOA estimated that $93 million USD are needed ti increase the price of BTC 1%. [Source - Bloomberg (2019)](https://www.bloomberg.com/news/articles/2021-03-18/have-93-million-you-may-be-able-to-boost-bitcoin-s-price-by-1) So far, we have had (since ETFs inception) $6b net inflows, that made the price jump from $38k to $70k. You can calculate future price by increasing the BTC price 1% every $93 million added. It is estimated that GOLD ETFs (Global) have $200b net assets in custody worldwide (World Gold Council). It is also estimated BTC ETFs assets in custody will get to $100b in the next 5 years, that would be $50b added to current cap. If you input this to Chat Gpt 4.0 this is the answer for the future price:: An asset needs inflows of $93 million usd to raise 1%. It is currently trading at 70,000 usd. With new inflows of $50,000,000,000 USDwhat would be its price? RESULTS: With the current market cap calculated at approximately $9.3 billion, after the new inflow of $50 billion, the new market cap would be approximately $59.3 billion. Consequently, the price of the asset would increase to approximately $446,344.09 USD. This is a real number for BTC price: $446k Thanks. R.

Gordon_Law

It is crucial to make sure that you the prior year activity in the **new** software matches the old software and what was filed on your tax return. That is the hardest part! In some cases, that means needing to re-upload all the original transactions and trades, generate prior year reports, and make sure they match. That is sometimes nearly impossible! Some software shows a closing position or end of the year report. Hopefully it includes, by lot, the cost basis and date of acquisition of each token. THIS REPORT IS GOLD. Using the year end report, we help clients construct manual purchase reports to upload into new software. There is no one size fits all solution - we often need to create custom scripts to make it work.

DepartmentTall4891

You'll get rug pulled. Buy gold. Central bankers are buying GOLD right now and selling USD. BTC was pumped so whales can get out.

Revolutionary-Ebb-26

Until they're not. Executive Order 6102 made self custody of GOLD illegal from one day to the next. How much Bitcoin was lost in the mtgox collapse? Maybe more Bitcoin has been lost from early users amassing Bitcoin and losing access but the ratio of Bitcoin to users in the early days was much different. The ratio changed over the years. Many third parties have gone down forever severing people from their Bitcoin. Celsius, BlockFi, CoinBits.. I would imagine at this point more people have been burned by third parties than mismanaged self custody.

rksk88

Yeah BTC ETF going to outshine GOLD

6M66

Show me a better currency than BTC. It's global, 24/7. You can buy fraction of BTC unlike stocks. decentralized, Numbers are limited, UNLIKE GOLD, fiat. Desirable by people. Everyone can buy it even with $1. No goverment can block it, control it. Easy and cheap to move unlike property / gold/ fiat.

FutureGullible811

Only thing I disagree with is Bitcoin is electronic money. GOLD is hard money

woods4me

The last pre-halfing drop was in May 2020, during the covid crash, and it was only a couple of months. We are 100% already in a bull market. Morgan, Merrill, UBS, and others just allowed high net worth clients access to ETFs last week. Fed rate increases are over. Demand is 500m a day Supply is draining from CEX Inflation is out of control and election year politics won't allow for real changes Even GOLD is 20 bucks an oz from an ATH, and BTC is the new gold for non boomers

millennialminer

$100k is like a mental resistance, I honestly don't think it's a big deal. What I believe is a big deal, is when BTC surpasses the GOLD market cap, and it could, very well do that, in this cycle. AND THEN I'M GONNA DANCE BUTT NAKED IN FRONT OF THEM AND SAY "I TOLD YOU SO, NOW GO FUCK YOURSELF" *HUMBLY*

SegheCoiPiedi1777

>1 million per Bitcoin would mean the market cap would be 21 trillion which roughly would put the entire crypto cap at \~45 trillion. Big assumption that just because BTC reaches 21 Trillion then all altcoins need to follow suit. At these levels, for BTC to increase, institutional money needs come in. I mean governments, pension funds, wealth management firms, etc. It is unlikely that institutional money will flow 'equally' in all altcoins as much as it flows into BTC. No matter how much you believe in your favorite altcoins, we can all agree that the majority of them are scams or half-ass projects. There is no way that the whole market cap of altcoins combined will always follow that of BTC. Going back to BTC... 21 trillion as an asset class is a bit less than double the size of GOLD market cap. ***IF*** BTC becomes a global reserve asset, held by central banks and institutions, this is in my view a suitable size of BTC as an asset class for the long term. I agree however on your considerations for 10 Mil or 100 Mil or 1 Bln per BTC... this is nonsense, *barring hyperinflation.* The difference between 1 Million and 1 Billion is... 1 Billion. In today's money, no asset class can ever reach 21 billion billions' in market cap.

purzeldiplumms

>Those times are over. Bitcoin is now a systemic asset. PRICE ONLY UP like GOLD and staff Another sell signal. Still not enough but the plot thickens

ElDubardo

If BTC reach GOLD's Market cap, we are at 613k$ per BTC. Sink that a second then go fucking buy bitcoins. ETF if you want to keep it simple and less risky.

xagent_lost

Gold is worth 14 trillion, and while it is a store of value, no one uses gold to actually pay for anything. At 14 trillion, each BTC will be worth 650k each. They will be worth much more than GOLD.

klgnew98

"without any cash flow or other returns, the fair value of an asset is zero." Ummm, what cash flow or other returns does GOLD have??? Would they make that argument for gold? What a mook!

Jemtex

They have not grappled that Bitcoin is L1 capital allocation machine, LN is for the vending machine. Though perhaps the have and they find themselves with the GOLD bugs who are spamming videos as they watch gold value go into BTC.

DHalps2323

Haha. But isnt BTC supposed to be a step forward? I do not think that comparing it to GOLD works... Both have different drawbacks and benefits. Gold is not nearly as volatile and does not have all these fees. Gold is bulky. BTC is digital. If there's ever a power/internet outage then can't use BTC. There are many rare earth metals/elements too. What about diamonds too? Anyway, will BTC ever become practical for transactional purposes? Do you know anything about lightning and layer-2?

BullRunnerRunner

That would retire the bronze medal. 1st place BITCOIN medal 2nd place GOLD medal 3th place SILVER medal

CriticalComplaint677

lol, I too agree with you. But bitcoin wouldn’t be worth anything if the whole world could mine it. If I could mine bitcoin on my computer all day, why would I buy any from other people? It’s like if everyone could mine gold in their backyard then it wouldn’t be valuable. The reason people are willing to pay so much for bitcoin, is because they can’t go out and mine it themselves it costs a lot of money because of the energy input. JUST LIKE WITH GOLD, it costs way to much for me to go and mine my own gold. Proof of work is what regulates the network, without that protocol anyone and everyone could mine bitcoin. -> simple supply and demand would mean that if everyone could mine it there would be no demand.

AssmunchStarpuncher

OMG thats GOLD JERRY!

Warrlock608

I noticed a huge uptick in "BUY OUR GOLD GOLD IS GOOD" commercials in the past year or two. Entire time I kept telling my parents to ignore it and buy bitcoin, it is just old money trying to get rid of their trash and dump it on people that don't know any better. The old man has an average buy of $26,000, proud of him.

cyger

Is that what happened to the GOLD ETFs? - NO. Once Gold ETFs were approved, GOLD went on a 10 year bull run.

MakeItMine2024

I think as a limited number of units without manipulation will increase consistently to where in 10 years no one refers to owning whole bitcoins but in Satoshis. There are less BTC than the 58 million inhabitants on the earth worth between 1 and 10 million USD equivalents. 15-20% of the BTC is lost forever so there are only about 17 million when fully mined. There is a true cost generating BTC and after the April halving will be over 40,000 for the most efficient miners .. BTC is better than GOLD

Vince_Hunger

So miners are actually delaying and thereby validating blocks? So how are the new bitcoins created that are rewarded to the miners who are first to fix the math questions? Is it that making new bitcoin also is hard or is it just the mathematical equations they have to solve that are a lot if "work", hence "proof of work"? To be clear. Is it hard "work" to create the bitcoins that are the price for being first in solving the equations? Or are the equations totally separate from creating the bitcoin and r they just the reward? I know these are propably for technical people and experts stupid questions but I want to finally understand properly how it works. In analogy with for example GOLD MINING, the goldminers are digging the gold but once they are digged and refined It's out of their hands. So if all the GOLD miners should stop mining gold. All the existing GOLD would still exist and be tradable and rise in value. But as I understand well, the BTC miners are not only MINING but also VALIDATING?

tsudonimh

> They did not really ban gold, just the Gold 1 ounce coins. Dude, the text of Executive Order 6102 **literally** starts with >all persons are required to deliver ON OR BEFORE MAY 1, 1933 all GOLD COIN, GOLD BULLION, AND GOLD CERTIFICATES now owned by them to a Federal Reserve Bank, branch or agency, or to any member bank of the Federal Reserve System. There was a $100 limit, meaning you could keep about 5oz, but it was all gold. Dealers were busted for having cigar boxes of scrap gold.

badtothebone274

BTC is Anti Science! So is Modern Monetary Theory! Supply and demand does determine price! True statement! But how do we measure the change of the total supply of absolutely needed commodities in a supply chain like meat? Why do we need scales for needed commodities if all price is subjective? Same with shipping? Why do we need it? Just guess right? Can you measure or compare total mass in a supply chain against a unit less crypto currency like BTC? NO! Unlike substances cannot be compared. Mass has to be compared to Mass! This is a scientific fact! It’s true, there are prices in an economy that are subjective, but the constraint here is the commodities. Commodities in a supply chain are primary and determine the price of everything else! In general without manipulation, prices of commodities in a supply chain is an objective measurement based on the total mass of that commodity in a supply chain against the IOUs or gold in circulation against it. Denominated in the same mass units that you are trying to measure against. Credit or IOUs use the same exact scale as gold, except the limits of this gold substitute can be changed at will. IOUs:M2 Subjective measurements in risk assets are secondary! The animal spirits in an economy all depends on the interest rates then. Which is the cost of money! The IOU dollar has compatible units that scale against mass measurements like meat, and it can also be used to approximate subjective value in risk assets. Can do both! BTC cannot; it does not have the capability to measure the change or flux of a commodities total mass in a supply chain against it! Can’t measure such a change against nothing; that is impossible! If the mass of Wagyu beef was cut in half virtually overnight in a supply chain; BTC won’t feel that! Gold and the credit IOU notes on the other hand will know that immediately! Automatically and it’s not magic! This is what Adam Smith referred too as the invisible hand of the free market. This is because the price for commodities is a measurement on a price scale! All the commodities that we humans absolutely need to survive is measured by their weight and are on a price scale! Facts! Also all commodities scale against each other! All commodities are currencies; but not all are very good at measuring against the rapid change or flux of commodities in a supply chain. This is because most commodities change just as fast relative to the commodities in a supply chain that you are trying to measure the change or flux in. This is why GOLD is money ultimately, and everything else is just credit!

CryptoAlien2553

No, investors (even traditional ones) gradually consider $BTC as digital GOLD!

analogOnly

Look at Spot GOLD ETF, it dipped then went on a 10 year rally. I would not compare BTC ETF to a specialty /cannabis ETF.

NoTradition4273

It wouldn't be a necessarily, I agree. BTC stands on it's own as it was designed to, and despite all the noise and AltCoins popping I think it has to be the only true choice as a World Currency because it's the only one that doesn't have some form of back door - no government can reject it on the claim that another has some key allowing them to manipulate it. What I'm suggesting is as a means to overcome the arguments of not having some physical equivalent (you know, to guard against that world wide EMP that would be the only way to kill the ledger) they will attempt to tie BTC and Gold and establish a new standard. I just haven't figured out how as it seems to me that the GOLD would be backed by... Not the BTC backed by. BTC is fixed, there is still gold hoarded, or to be found that can change its totals

rksk88

I think BTC will cross GOLD in Commodity ETF Asset Class in coming years

Arunav88

That's really a bullish news soon surpass GOLD.

Twelvemeatballs

And, as someone who briefly speculated on GOLD on eToro, it is still stupidly volatile, despite the ETF.

Frogeyedpeas

To reiterate, the buying power of GOLD went down in the early 1900s, REAL GOLD had less buying power because DOLLAR got inflated and the Government had made a promise (which they OBVIOUSLY could not honor for the ENTIRE population) to trade gold for dollars. If REAL GOLD can lose its buying power because fake paper dollars inflate. Then REAL BITCOIN can lose its buying power because fake bitcoin's living on CEX's have suffered inflation.

NonGNonM

lets go bitcoin go for that 48K GOLD

oboshoe

Sure it can. The parent companies like Blockrock etc have prebought and titled the coin under their treasury or other holding company. Then as the ETF fills, the ETF buys coin from the parent treasury or holding company. The holding company or parent then takes a capital loss or capital gain. The BTF is good news and we will see capital appreciation. But the notion that all these ETFs will be spamming Coinbase for bitcoin tomorrow at 4pm isn't likely. ​ (The same thing happened with the GOLD etf. Nobody was placing massive orders at mining company the next morning because the gold was pre-purchased under a different title)

ZelenoBeli

So that's the reason people are selling bitcoins and other cryptocurrencies to buy real estate and reinvesting the majority of money into the stock market, including GOLD?

Outsider4Life9

GOLD cross? How about it becomes Bitcoin cross?

Ok-Climate-5726

Yes . And I’ll be the random next to you with matching Bugattii at that price . But just good luck to you my friends wealth and abundance! And if I were you I’d get another asset. Possibly a bit of GOLD hopefully that’s not forbidden to say here. But you either believe in fiat or hard assets

zxr7

And then to overtake each asset the cost of Bitcoin needs to increase as per the table. That's $150K to overlap Apple and $700K for gold. Soon. |Asset|Mcap|unit|Bitcoin equal| |:-|:-|:-|:-| |1 GOLD|$13.62 T |$2034|$698K| |2 AAPL|$2.885 T|$185.56|$147K| |3 MSFT|$2.784 T|$374.69|$142K| |4 2222.SR|$2.158 T|$8.92|$110K| |5 GOOG|$1.747 T|$140.53|$89.2K| |6 AMZN|$1.54 T|$149.1|$78.6K| |17 SILVER|$1.312 T|$23.32|$67K| |8 NVDA|$1.29 T|$522.53|$65.9K| |9 META|$921.7 B|$358.66|$47.06K| |10 BTC|$920.68 B|$47,990|1 Bitcoin|

NonGNonM

come on bitcoin, you know you want that 48k that 48k GOLD

socalmikester

its GOLD, jerry! gold has value though.... lol

Remarkable_Bowl_7169

Go buy a GOLD bar and and hide it under a that GOLD bar since GOLD is useless today

Seefahh

ok ngl, THAT was epic. "Only animal we dont fuck with is a bear", GOLD lol

cyger

Look at the history of the GOLD ETF as it went straight up for ~8 years. Sure there my be a sell on the news. But when the ETFs actually become available there might be a nice inflow. Prices may even be shockingly higher sooner than we expect. My bags are full.

izkornator

If you want the same properties as Bitcoin, the only thing we have that is close are commodities and the king of commodities with respects to store of wealth is GOLD and SILVER. Perhaps Platinum as well.

yangfh2004

People, people, you gotta know, why BTC is invented, because GOLD is manipulated! The whole gold market and reserve is a huge lie! You have to hold your own assets on hand, otherwise, you will lose it eventually!

ego_sum_satoshi

That's Gold Jerry! GOLD!

userdeath

Buy GOLD. Trust me guys. It's only the moon from here. DYOR.

SufficientAnalyst383

Crypto brings me never ending gold, COMEDY GOLD!

Flat4Power4Life

This is pure fuckin GOLD!!! Ha ha!

Aerith_Gainsborough_

>How long you think this is going to last? I wish I knew, wouldn't be here if that were the case. The chart looks pretty bullish though, this rocket still have some fuel. >There is still no sign of ETF approval or Qatar funds buying massive amounts of BTC. Could it be some insiders? Looking at the GOLD chart, it was quite bullish few months prior its etf approval. My guess is that something similar is happening with BTC right now.

owltofthiswrld

If you look on a long time horizon, gold averages about the same return as the rate of M2 money supply growth. The cycles are just a lot longer than Bitcoin cycles. Inflation was hot in 2022, but bitcoin did terribly, that doesn't mean bitcoin wasn't doing its job, it was just in a consolidation phase. If you look at GOLD/M2, it is at the same level it was at in 1962, 1972, 1976, 1992, 1996, 2006, 2008, 2015, 2017, and 2020. So whether or not it is 'as important as it used to be' it is certainly still fulfilling its role as a hedge against money supply growth.

tianavitoli

now look at the CAD vs GOLD chart shows how far CAD has fallen ;-)

Arthur-N-Owen

THIS! GOLD!!

Dogegone-it

I have alts because there has never been just one player in any space ever. It’s far too early to declare a winner and at this stage the only thing we think we know is that BTC makes the most sense as the GOLD of the crypto ecosystem. It remains to be seen what the silver, platinum, copper, etc end up being

Jmbut

I would choose GOLD for now

Expert-Jacket-2641

Gold is not man-made...you can be sure that to the end of time no one will ever recreate a basic earth element GOLD. BTC is a man-made technology...another one will surely beat it..just like nokia and yahoo stories...

Constant-Actuator296

Thank you I did not know that, I was figuring maybe it was down to physical gold supply and the fact they will always find more of it, and supply could be humanly controlled like silver and diamonds etc. You explained this nicely to me, I was thinking like .... but its gold, how can GOLD lose more, of itself, but yet, the numbers don't lie.

Expert-Jacket-2641

In mobile phone industry Nokia was dominant before...look at it now, if you know what i mean... so as yahoo, friendster, sony walkman...all are dominant in their industry before...if it's man-made,there will always the next better thing the security of GOLD and silver is still the standard... as no one can ever recreate or replicate it till the end of time

Expert-Jacket-2641

In mobile phone industry Nokia was dominant before...if you know what i mean... the security of GOLD and silver is still the standard... as no one can ever recreate or replicate it till the end of time

Expert-Jacket-2641

Someone can recreate BITCOIN, no one can recreate the basic element GOLD

Expert-Jacket-2641

Well at least we are sure that even the brightest mind on earth can not recreate a basic element GOLD

Expert-Jacket-2641

Remove blockchain technology from bitcoin, what makes bitcoin unique, irreplaceable or irreplicable? Another bright kid on the block can recreate bitcoin. no one can recreate GOLD

Expert-Jacket-2641

Remove blockchain technology from bitcoin, what makes it unique and irreplaceble, no one can recreate GOLD