#Gold is a measure of faith in central banks. Banks are scared when gold moves $200. They don't care if bitcoin moves 20k.
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Gold's Surge Is A Message: Central Banks Are Out Of Controlhttps://www.zerohedge.com/news/2019-08-08/golds-surge-message-central-banks-are-out-control-not-inflation …
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I’m in the uncomfortable position of being a big fan of bitcoin and rooting for most bitcoiners to be very wrong about their predictions for the economy
There is an unfortunate but universal tendency to tout one's bags. If the bags hedge against bad times one tends to tout bad times.
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It would be interesting to find out if people actually view bitcoin a hedge/safe haven in a real downturn. I’m skeptical we’re there just yet, it’s still fairly daunting for the average person to figure out how to buy and hold securely. But it would be interesting...
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Not worth it to me though to have that downturn and find out because I’d like to have things like a job and such
End of conversation
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