Bitcoin was never acting like a monetary safe haven. It has always been acting like an emergent monetary good - volatility / price discovery as a network increases by orders of magnitude. It's as if gold-bugs think gold was magically not volatile when it emerged as monetary good.https://twitter.com/PeterSchiff/status/999317444580859904 …
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Sure, just like Checks or Debit Cards or Litecoin or Venmo... but Silver was never valued by any meaningful group of humans at a ratio to gold which digressed from the ratio in nature.... 1/30- 1/60 AU to AG.
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Silver was valued by the Babylonians and Egyptians and most goods were priced in silver. There are stone tablets that show pharaohs declaring goods purchased and their price in silver.
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