Sunday, May 24, 2020

Around the Block #4: on the recent market crash and Bitcoin’s value proposition

With any major crash, the levered small speculators end up liquidating their holdings to the strong hands (whales) who are buying at a huge discount.  This certainly happened with physical gold and silver (I was in the epicenter of that space as large orders poured in), and it happened on Black Thursday with Bitcoin.

Friday, May 8, 2020

Alasdair Macleod – Global Fiat Currencies Will Burn While Gold & Silver Skyrocket

When fiat currencies fail, Bitcoin and gold are superb hedges.  Denominated in dollars, both alternative currencies will perform well.  But what happens when fiat collapses all the way to zero?  What will the price of Bitcoin be, if it no longer will be priced in dollars?

Eventually, Bitcoin will be priced in gold.  Because of its deflationary cap of 21 million, Bitcoin would probably still rise relative to gold, but with far less volatility.