Gold and Silver have been on an absolute tear over the last year
$GLD +72% $SLV +208%
Together, these 2 assets represent ~$37T in economic value. If capital is willing to reprice physical commodities at 70-200% in a year what do you think that says about the trust in fiat systems?
Inert assets expensive to store, slow to move, difficult to verify constrained by a variety of physical and jurisdictional limitations....and yet they managed to absorb trillions in capital under current global monetary conditions
Gold and Silver are giving us a glimpse of how large the repricing will be once the market fully internalizes that Bitcoin is the superior monetary unit of account and the digital analog of what they represent without any of their deficiencies
$BTC currently represents $1.94T in economic value and provable scarcity
Do you really think the digital analog of Gold and Silver shouldn't command at least half of the value currently attributed to them?
Bitcoin has the most asymmetric % upside relative to Gold and Silver over the coming years. Hopefully, many of you are starting to see how large the repricing needs to be
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Gold and Silver have been on an absolute tear over the last year
$GLD +72%
$SLV +208%
Together, these 2 assets represent ~$37T in economic value. If capital is willing to reprice physical commodities at 70-200% in a year what do you think that says about the trust in fiat systems?
Inert assets expensive to store, slow to move, difficult to verify constrained by a variety of physical and jurisdictional limitations....and yet they managed to absorb trillions in capital under current global monetary conditions
Gold and Silver are giving us a glimpse of how large the repricing will be once the market fully internalizes that Bitcoin is the superior monetary unit of account and the digital analog of what they represent without any of their deficiencies
$BTC currently represents $1.94T in economic value and provable scarcity
Do you really think the digital analog of Gold and Silver shouldn't command at least half of the value currently attributed to them?
Bitcoin has the most asymmetric % upside relative to Gold and Silver over the coming years. Hopefully, many of you are starting to see how large the repricing needs to be