Good afternoon.
The Bank of England is currently struggling to meet demand for deliveries of over 8,000 gold bars due to "logistical challenges" and because "it's really heavy," causing delays that will likely last months. Bitcoin, on the other hand, could have met the entirety of those ~$9.2 billion of withdrawals in just under ten minutes and for a tiny fraction of the cost.
Have a great night.
Justin Trudeau: "Canadians won't be taking any condescending economics lessons from the leader of the opposition after he proposed that a good way of avoiding inflation was to buy crypto."
"If they had followed it they would've lost almost half of their life savings."
🇸🇻Just one day after the IMF agreed to a $3.3b loan in return for making Bitcoin acceptance voluntary, El Salvador buys $1m Bitcoin, more than 10x their usual 1 $BTC per day purchase.
I guess the IMF won... 😅
Blackrock officially recommends a 2% allocation to #Bitcoin
The world has $900T in assets and 2% of that implies a Bitcoin market Cap of $18T ~ $900K Per Coin.
Are you paying attention?