Kruger posted a twitter
post that Bitcoin
is failing as a sound money narrative as people maybe don't care.
I disagree, I think Gold
as a sound money narrative is somewhat flawed.
With a Jewelry store on every corner and not knowing how much Gold
central banks and Governments have
WE THE PEOPLE are in the dark as to the real STOCK of gold
. Not to mention is being held by a few central entities where's the liquidity if everyone wants out at the same time?
In my lifetime there was only once that Gold
was a profitable buy. Especially Physical Gold
has costed more transactionally to get in and out of than it was worth to deal with and when is the last time you could purchase anything with a Gold
bar? Not in my lifetime.
That's what Makes Bitcoin
the most valuable ledger on the planet. We the people can run a node! Validate the transactions! Have true 100% Transparency of monetary policy! Have control of our own wealth in a borderless, unconfiscatable, censorship resistant way. The value of Truth is the value of Bitcoin! We haven't had an Audit and will never have an audit of fiat or Gold
. Not to mention you can fake Gold
, Plate Gold
, Mix Gold
, you can't fake Bitcoin!
Taking the last 2 halvings and using the stock to flow chart and basing off past fractals while reducing % increase the best guess would be a 250k BTC
around late 2021... With the usual 85% correction in the market bringing Bitcoin
back down to earth for refuel somewhere in the 37k range over the next couple of years proceeding. Then 5th Halving Stock to flow exceeds that of gold
and you have a 1 Million BTC