🪙 BlackRock boss predicts $700,000 Bitcoin. - Larry Fink says there is momentum towards the institutional adoption of the crypto currency. - RT
(www.rt.com)
💰 WAG THE COINS 💰
I was going to sell some at the coin shop today, and they were flooded with sellers. They were only going to give me $17 per face $1, when melt is more like $22. I bolted. I kinda feel stupid now. Should converted it to bitcoin years ago. Another missed opportunity.
Eh, can’t put a price on real assets.
A bottled water at the grocery store is like 1$
It’s 2$ at a gas station
Or it’s 7$ at a movie theatre
… what’s the value of water? I get it out of the tap for free.
If somebody says my water is worthless or worth 1$, does it mean water isn’t worth 7$ a bottle?
Just because buyers offer that, doesn’t mean that’s the value or even close to the real worth.
Correct - you have to look at the sheer amount of credit that is out there to understand the value is incredibly undervalued. I wonder if it will be forever supressed because of how high the industrial use is. Silver is the only thing on Earth that is cheaper today then 1980 (although it was largely driven up by the Hunt Brothers cornering the market then - the Saylor of it's day).
There is no end to the amount of paper contracts that can be written and sold to drop the price of silver and they are having a hard time implementing basel iii reserve requirements. You can't paper over physical demand and this should have an end date as the price is too cheap for the exploration of it for something with such a high industrial use.
This is what my dad was telling me in the mid 90's. It's 2025 now. He's gone now. I'm getting old. lol
Same here, I can tell your Dad had a lot of common sense
When gold hit $2100 in Nov ‘23 I sold 30oz of mine and started a BTC position (BTC was $43k at the time). Needless to say, I’m happy with my decision.
You were about to trade metals for fake paper?
I have a credit card bill to pay. I can't send them junk silver.
sell if you want, but I think it's a really bad idea