Makes me wonder what will happen when stocks and currencies crash. Normally gold n' silver go up as a haven of safety. But will cryptos cannibalize some of the market? We'll see.
RE: How bitcoin killed gold
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How bitcoin killed gold
Also, my ideal investment portfolio (40% gold n' silver, 30% stocks n'bonds, 30% crypto) haha
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Crypto's have an Achilles heel that gold does not have when used as a digital currency. A crypto cannot transact P2P in the face of a fiat asking price. It must always make a hop. This is not the behavior of a currency because it actually relies on currency in order to bridge it into the real economy.
Crypto can be used to buy things but if it cannot transact with debt-free settlement as a popular currency, what true effect can it provide in the macro challenge of supporting the purging of debt based currency ? Debt must be purged, systemically ! True debt-free P2P is vital to this debt purging mission statement.
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