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RE: Bitcoin Market Capitalization Reaches 7% That Of Gold: A Cursory Look At The Possible Implications

in LeoFinance5 years ago (edited)

Re gold and its current inability to keep pace with bitcoin, I believe we can still be optimistic about gold (and silver). When the manipulation and price suppression of precious metals ends, the price of gold will rebound to its true value.

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Re gold and its current inability to keep pace with bitcoin, I believe we can still be optimistic about gold (and silver). When the manipulation and price suppression of precious metals ends, the price of gold will rebound to its true value.

I do hope so too, quite strongly. Just as WWII led to the abandonment of the gold standard, perhaps this pandemic will inevitably lead to the collapse of fiat and Keynessian economics. We'll see.