We all know gold is heavily manipulated, Heck last month three JPMorgan traders were charged with gold manipulation and last year a JPMorgan trader was found guilty of it.
Gold is still money. And it is a store of value which holds its value during both deflation and inflation. I would NEVER buy a car with gold and I would NEVER buy a car with Bitcoin. That is what fiat is for.
It is a fallacy that only early adopters make money from Bitcoin. It was an enormous risk buying Bitcoin in the early days and most people who bought at $100 sold at $200.
Bitcoin will see a 10x with the next 18 months. You will say it is a bubble at that time. You will say only early adopters can make money from it. It will 10x again from that point. Eventually you are going to have to buy in. And yes, then it will be too late. The price appreciation will be over. Anyone buying Bitcoin now is an early adopter.
What is the point of Bitcoin?
Bitcoin is the first ever money with a known monetary policy that cannot be manipulated. It is digital and can be sent across the internet, radio or satellite. Gold is very difficult to transact…
It is a public ledger that cannot be cheated i.e. no fraud. It is the most attacked piece of software ever created and cannot be hacked.
It is decentralized meaning you do not need to trust a third party. You can send and receive money from anyone in the world, whenever you want, without anyone having a say in it and almost instantly.
It is borderless.
It is unconfistable meaning nobody can freeze your funds or prevent your access to them.
Bitcoin is the future. Start doing your research or you are going to be left behind.
As Fed Chair Powell put it last week when testifying ‘the national debt is growing faster than the economy and poses a threat to future generations.’ He also said he nor anybody knows what to do about it.
The current fractional reserve debt based system is unsustainable. Buy Bitcoin.