I have no idea what the future holds for BTC and obviously never been a BTC supporter based on my posts, but there were debates here (and on the crypto thread) about how useless Gold/Silver were beyond jewelry and that BTC was going to $250K…$1M…but now we see Central Banks hoarding metals and they are deemed critical to the AI/chips/electrical buildout. BTC could disappear tomorrow and nobody would care other than those that lose billions plus the hit to the stock market based on havoc it would create. Before the BTC Bros rip me apart keep in mind I am a big fan of blockchain and I’m bullish on companies like FIGR that are tokenizing RWAs. But you don’t need BTC or any meme coins for blockchain tech to integrate into everyday society.
OT: Stock and Investment Thread
- Thread starter RU05
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To be fair, I view BTC and gold in the same category (with limited uses other than store of value). Silver has massive industrial uses and the need is growing.
The good news about Bitcoin is that it gets easier for hackers to bigly hack that “store of value” every day!
At least my “out there” gold hoarding MAGA eye doc is safe from North Koreans.
I’d just point out that views at times like these (gold way up, bitcoin down) are easy to make. They’re similar to the views when ftx crashed and people held funerals for crypto. A few years later bitcoin was up 6x and alts 20-50x.
I’m much less concerned with bitcoin being down than I am with gold being up. I don’t think it’s up for a good reason and that will have far greater implications.
Tom Lee said Bitcoin would be at $180k by tomorrow. That should earn him a 3-6 month ban from this thread