Gold has added ~7 trillion in market cap YTD. On the bright side, bitcoin has a long way to run on the monetary side although it looks like this decade may belong to gold if central banks are hoovering up as much as they can get their hands on. Perhaps they eventually understand bitcoin, but it doesn't look like that will be happening soon.
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0 sats \ 0 replies \ @OT 1h
Since around 2020 there's been a lag behind gold. Anyone have any idea what explains that? Is it gold has stood the test of time and isn't going away any time soon, where as Bitcoin is still a "just in case" hedge to gold?
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0 sats \ 0 replies \ @freetx 1h
The single best benefit Gold has over Bitcoin is that its analog and works when the grid is down.
This is a great selling point for nation-states since purchasing more gold is often a "war hedge".
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