If they had control over Bitcoin they would not be taking measures like this.
(twitter.com)
😷 DEM PANIC 💉
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I've never understood how something that is not currently accepted for transactions could be a good investment, quite frankly. We're not exactly sure what's coming, but 10-12 years ago, what intrinsic value would gold and silver really have had?
There is some form a mental short circuitry I see on the boards especially with the gold bugs. There is this odd running narrative -- I would go so far to say it's a lie -- that gold is THE store of wealth, which is clearly not true.
In fact, the wealth has been eroding for decades now due to the power of the Fed money printer and inflation. The unit of measure, USD, is where all the manipulation happens... so in the darkness of night, without a sound, the gov slices your 'value' away :)
re: Transactions -- this is more so an agreement between parties. Today you and I could agree to trade using Gold. The problem arises when the thing I want requires a huge rock of it, or some fractional amount.
We've already been through this play during the Roman empire. e.g. the silver in the coins were slowly 'debased' so at some point there was hardly any silver left in it.
That's another thing, what if I feel gold is near worthless, but you believe it's the best thing since sliced bread, and therefore worth a lot?