Bitcoin is in freefall

Sharing is Caring!

Iran launches drones towards Israel. Price of Bitcoin collapses, while price of Gold spikes up. Turns out Bitcoin wasn’t much of a doomsday hedge, since you can’t use Bitcoins if the grid goes down.

See also  Before halving, Bitcoin costs over 100 CO2e per coin, emits more pollution than countries, yet serves less than daily card transactions.

As we potentially head towards WWIII, Bitcoin crashes down, and Gold spikes up.

coinmarketcap.com/currencies/bitcoin/

coinmarketcap.com/currencies/pax-gold/

I know from experience that when the grid goes down, you can still do business in physical US dollars. You can also use physical gold, as humans have done for thousands of years. But if the grid goes down, Bitcoins can’t be used.

See also  Wall Street Is Going ALL-IN On Bitcoin!

h/t normal_rc

Views: 896

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.