Bitcoin is in freefall

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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.

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

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.

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h/t normal_rc

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