Mar 25 (edited) • Bitcoin Talking Points
Your "Safe" Investment Just Had Its Worst Week Since 1983.
Gold Was Supposed to Save You. It Didn't.
Everybody says Bitcoin is too risky. Too volatile. Not a real store of value.
So what do they tell you to buy instead?
Gold.
The "safe" one. The one your financial advisor recommends. The one that's supposed to protect you when everything falls apart. Well, everything is oddly falling apart.
Here's what happened:
- A war broke out in the Middle East
- Oil prices surged past $100
- Markets panicked worldwide
- Gold crashed 21% making it the worst week since 1983
Read that again. A war started and gold went DOWN. The thing everybody told you was safe just failed its biggest test. This really is how the system works. Gold is tied to interest rates, dollar strength, central bank decisions, and Wall Street trading desks. When those things move against it, gold falls. Even during a war.
Even when you need it most.
Gold doesn't answer to you. In many ways, it answers to the same system you were trying to escape. And now with technology advancement like lab creation and asteroid mining, the rules for gold are very likely to change in the future.
Now here's why Bitcoin is different.
Bitcoin doesn't care about the Fed. No central bank sets its supply. No interest rate decision changes how many will ever exist. No undiscovered deposits exist in space.
21 million. That's it. Forever.
Bitcoin wasn't designed to react to the system. It was designed to exist outside of it.
That doesn't mean Bitcoin can't drop. It can and it does.
But when it drops, it's not because a bank or politician pulled a lever or a war changed the rules underneath you.
Let us know below...
Do you own gold?
And if so, why?
Have you been surprised by gold's behavior in this time of geopolitical uncertainty?
2
2 comments
Your "Safe" Investment Just Had Its Worst Week Since 1983.
powered by
skool.com/the-school-of-bits-4553
Everything you need to learn about bitcoin, crypto and investing fundamentals with lessons you'll remember forever.
Suggested communities
Powered by