He looks quite old, so perhaps his memory is not so good. Over the past decade or so, Gold and silver have been mediocre investments compared to virtually everything, and absolutely rubbish compared to Bitcoin.
Bitcoin does not look so weak anymore The party is just starting (credit to GameofTrades on Twitter for M2 money supply image) (credit to CarlBMenger on Twitter for image above)
Bitcoin is the best money in the history of the world New Blackrock report https://www.blackrock.com/us/financ...e/whitepaper/bitcoin-a-unique-diversifier.pdf Obviously
(BLOOMBERG) Bitcoin bull Hedge fund manager Anthony Scaramucci projected record highs for Bitcoin, fueled by a combination of interest-rate cuts and US regulatory clarity for crypto in the wake of November’s presidential election. “We are going to get pro-cryptocurrency, Bitcoin, and stablecoin legislation in the first part of the next congressional term in the US,” the founder of SkyBridge Capital said in an interview. “At the same time, you’re intersecting with rate cuts from the Federal Reserve.”
https://en.cryptonomist.ch/2024/09/...it-the-same-case-as-the-defunct-exchange-ftx/ https://dailycoin.com/tethers-119b-market-cap-risk-what-you-need-to-know/ Investors claim Tether’s $118B reserves may face audit and liquidity risks (cointelegraph.com)
Lots of news in regards with the Tethers ticking time bomb. And it makes me scared. Usually when bad news are released in response Tether just prints more Tethers and pumps the price up HIGHER so the crypto folks dispel the news as "FUD". I am afraid the fraudsters are going to pump it past ATH, suckering in more naivetés before the ponzi scheme inevitably collapses.