BottleTeams's avatar
BottleTeams 5 months ago
If you want BTC to monetize it most likely involves monetizing Gold and Silver first. If you don't understand those markets and how they behave you're left bell.

Replies (13)

Lucid's avatar
Lucid 5 months ago
Silver can be skipped
BottleTeams's avatar
BottleTeams 4 months ago
Because there is less available supply and they are way more levered derivatives products. Imagine if 21M in paper bitcoin traded every day. That's the silver market.
Lebanese Hodl's avatar
Lebanese Hodl 4 months ago
Totally understand the derivative part but how do we know there is less supply available though? Every silver bubble has end up collapsing back to its base price and this one isn’t gonna be any different.
BottleTeams's avatar
BottleTeams 4 months ago
We've never seen precious or base metals trade in a free market. These bull markets will eliminate paper derivatives. The derivatives are already failing vs the real physical metal. They do not represent the real underlying commodity anymore. The contracts will just cease trading and will die. Shanghai metal exchange will become the price mechanism, LBMA and CME Comex are cooked.
Lebanese Hodl's avatar
Lebanese Hodl 4 months ago
Super interesting… I totally see how that happens if physical supply moves east. Out of curiosity do we know the silver and gold price on the SME?
BottleTeams's avatar
BottleTeams 4 months ago
The price in Shanghai is above the price in the West. Arbitragers are selling metal in the east and buying it in the west. It's all flowing East.
BottleTeams's avatar
BottleTeams 4 months ago
These guys have been doing it for a long time. Have a pretty good grasp of the markets. Good channel.
Let them have fun with their shiny rocks! Seems like they are destined to make the same mistake they made centuries ago when they chose silver over gold…this time they are choosing gold over bitcoin
BottleTeams's avatar
BottleTeams 4 months ago
Bitcoin will be the last option for people looking for fiat shelter. It will absorb more capital than the metals can. Metals will become un marketable first.