Like a sponge it was designed to absorb the flood into metals. And it has done its job perfectly.

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Bitcoin is basically a USD stablecoin at this point. Follows the dollar up and down. Hardly a store of value though if it tanks along with the dollar.

 

See also  Russia will create new BRICS Precious Metals Exchange to become ‘key regulator of prices’ – Finance Ministry

h/t Decent-Addition-3140


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