I thought gold traditionally goes up in the face of global instability, but it looks like gold is only pegged to market perform
In 2016 U.S. markets rocked on. Globally, trust minimization -- lowering our vulnerability to the whims of strangers -- was at a premium.pic.twitter.com/llvbDBfPAj
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Bitcoin was responding to some internal trust problems in China, India, etc. which gold does not address very well.
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Also learning curve as people slowly figure out what problems Bitcoin can and cannot solve in current environments.
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Also gold climbs in later phases of instability. First phase is an unwind, thus USD
GLD
, 2nd phase is GLD. - 2 more replies
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Sound value, limited quantity. Simple recipe. IMO This 'surge', is driven by Asia, esp. China -> taking command of the market.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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trust minimization: what computers do best.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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@naval The downside is the loss of sovereignty over our money.Thanks. Twitter will use this to make your timeline better. UndoUndo
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