The last five years of Bitcoin have been the worst in terms of adoption and regulation that we’ll ever see.
In that time Gold/BTC is down 97%.
It’s not unreasonable to assume in the next 5 years Gold will go to 0.
“Gentlemen! I too have been a close observer of the doings of the Bank of the United States. I have had men watching you for a long time, and am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter, I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves. I have determined to rout you out, and by the Eternal, I will rout you out!”
-Andrew Jackson to the Central Bank
“There are men who spend
their time and fortunes in endeavouring to convince a
dull world that poverty can be abolished by the issue of printed bits of paper”
- W. STANLEY JEVONS : 1896
Once you realize our taxes in the United States, don’t even begin to service our debt, you start to wonder why we get taxed.
My working theory is that if the government didn’t take our money and we got to use it to create value for our fellow citizens, the government wouldn’t be necessary anymore. They wouldn’t have justification for scaling year over a year.