Russia moving toward Gold Standard?

[Musburger1]

Some of you might be interested in this. Relevant part starts a few minutes into the video. Includes a clip from Jerome Powell as well as news from Russia on someone's video feed.

 

[AC]

What do you think this means for Bitcoin?

 

[Musburger1]

What do you think this means for Bitcoin?

The EU is making a lot of noise about banning Bitcoin. As long as authorities can tax it, they’ll probably leave it alone. But as inflation mounts, gold and Bitcoin will look good to a lot of folks.

 

[iatrogenic]

The EU is making a lot of noise about banning Bitcoin. As long as authorities can tax it, they’ll probably leave it alone. But as inflation mounts, gold and Bitcoin will look good to a lot of folks.

Ten year rate of return on gold is 3.7%. Bitcoin is a Ponzi scheme. Have at it comrade.

 

[Musburger1]

Ten year rate of return on gold is 3.7%. Bitcoin is a Ponzi scheme. Have at it comrade.

Bitcoin could go to zero. I have no allusions. Technically it is inferior to other cryptos as far as speed and scalability and cost. The IMF and most governments oppose it. But in the short to medium term, there is an upside potential. Inflation will drive investors somewhere. It could be another .com flash in the pan in the end.