Yeah. It’s just a derivative of the US dollar. When you buy bitcoin, that money is being used to buy US treasuries, so you are funding the US debt. The government loves it if you buy bitcoin and hates it if you are acquiring gold and silver. When the dollar collapses and loses its purchasing power, so will Bitcoin. Whatever purchasing power bitcoin had will collapse back into gold where it derived its value from in the first place. Just like all derivatives of the dollar will, like stocks, treasuries, real estate… you name it. It’s not that those assets don’t have value. They do. Just not their current purchasing power.

Gold and silver are real hard assets that have intrinsic value of their own. Not just they required energy to produce, but they have real world uses that set a floor on their value. For example, outside of oil, silver has the most patents and industrial uses and is absolutely strategic; in addition to having all the characteristics of money. Bitcoin has none of that. No one needs bitcoin for anything and most people and businesses won’t accept it for transactions. I can take an ounce of gold anywhere in the world, power or not, and exchange it for goods and services.

I don’t know what’s going on with this crypto bullshit but personally I’m not touching any derivatives in a financial collapse. I’m going to hold the original deposit all the derivatives derived their value from in the first place. Gold and silver.

https://m.youtube.com/watch?v=6-kAz2dnN5Y&pp=ygUXUmFmaSBmYXJiZXIgZGVyaXZhdGl2ZXM%3D