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Bitcoin Flipping Gold - Can This Still Happen?!
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What is Up Sats Crew,
Gold, silver, and many other commodities have been pumping over the past several days. I think this is a sign of the times seeing people move to things that aren't fake, that can't be debased and manipulated.
If you look at Costco, they recently rolled out gold bars and are selling approximately $100-200M per month. One of the factors I believe is leading to prices pumping in commodities is people are not wanting to throw money into stocks, crypto, or real estate, or keep it in cash right now.
Where else does it go? The safe bet - commodities. In today's podcast, I discuss the following important topics:
- Bitcoin will be worth a lot when it approaches gold's Market Cap, Approximately $700K
- What narrative is Bitcoin taking on - Store of Value or Medium of Exchange?
- The larger allocators, Saylor, and others are giving it the store of value narrative
- What makes gold so special? What makes Bitcoin so special?
- What are the hesitations of certain countries and groups to adopt Bitcoin?
- Gold has an inflation rate, and Bitcoin has a disinflation rate of 0 by the year 2140
- Borderless, Assaying, divisibility, and for day-to-day transactions
- Do I think it will and when?
- I think it will before 2030, but I think with what it has done so far, what we have in store, and the increasing acceptability amongst the mainstream this is what I see
What do you think about Bitcoin flipping gold in market cap? Is this in the realm of possibilities this decade? I'd be curious to hear your thoughts on on hurdles it would need to cross to achieve this - and scenarios that could ignite the fire for this to happen.
I hope you all enjoyed this.
Best Regards,
Bitcoin Buys: https://invite.strike.me/2MSTYG
Financial Disclaimer: Nothing stated in this video is a recommendation from SatsMate to buy or sell a particular security or asset class. It would help if you wisely considered your tolerance for risk, time horizon, and financial goals before making an investment. With investing, you risk losing money, always read an investment prospectus and make an informed decision before allocating capital to a particular investment
Bitcoin, Financial Education, Federal Reserve, Gold Prices, Silver Prices, Bitcoin Prices, Macroeconomics, Financial Literacy, Debt Management, Personal Finance
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