All Bitcoiners should be paying attention to what is happening in the silver market right now. It is literally history in the making.
For decades banks have manipulated the silver market and they are on their very last leg throwing absolutely everything they can to keep the price down. Silver will break out and crush these manipulators and that is a massive victory for reality and a major L for the banks.
#silver #backwardation
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Just a little unclear about the relevance for bitcoiners. π§
Another big blow to USD reserve status and the power to manipulate that comes with it. Also always good to see banks getting crushed. Moving toward a more multipolar world where hard assets matter and currencies will be at least loosely backed by something.
Any world where we move more towards sound money, more towards actual free markets, etc. is a much better world. Itβs not the ideal Bitcoin standard, but it moves in that direction.