i think people are warming up to bitcoin .... maybe it was the gold run and the branding of it as "Digital gold". it seems like people who are interested in commodities warm up to it. people who don't believe commodities are investments seem less interested. what were his reasons for saying gold is risky rn? i hear people excited about silver for batteries. but i don't know how to calculate the demand versus supply in the long term to make it really scarce.

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Lucas M's avatar
Lucas M 4 days ago
That seems to be the case. And I think it was less about the run up to 5k and more about the sudden drop over the past three months or so, where bitcoin proved itself a better safeguard; Boomers are far more focused on short-term gains than they care to admit. Most commodities focused individuals are definitely more open-minded when it comes to bitcoin. I can't really argue against that. Most boomers i know are trapped in this immovable mindset that securities are still all they need, which may be true in the short-term, but what happens to their "gains" when foreign and domestic interest in US treasuries drops and mass selloffs begin to occur? Correct me if I'm wrong, but I believe it was Japan and China that have been selling off huge amounts for years now. Also, what if these companies that they have invested in over the past 20-30 years keep raising the prices for all their goods and services to the point where they erode their own customer base? Lol or what if they actually do perform an audit of Fort Knox (never going to happen) and find out that it's empty? What would that mean for their investments in gold ETFs? Trump's refusal to perform the audit that he claimed he would once he entered office again. He apparently saw that as a big red flag. I imagine he's looking more into gold companies instead. That I can't help you with. Sorry. Honestly, I don't keep up that much with the mineral market anymore.