Quote:
Originally Posted by karamazonk
What's going on with precious metals so far today? Not sure why they're down so much with crypto remaining strong and further stimulus a guarantee.
BTC is flippening gold.
There are big players coming out and saying why BTC is better then gold and why they are buying BTC now. Stan Druckenmiller for example is a billionaire who says he owns a lot of gold but has been buying BTC. That right there is money that would normally go into gold, only now it's going into BTC.
Other examples like the Microstrategy CEO. Would have bought $500 mil in gold, but likes BTC better so he bought BTC.
Iran is starting to use it for imports. They aren't using gold, they are using BTC.
The trend is only going to continue.