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A new gold standard?
117,496 görüntüleme • 1 yıl önce •via X (Twitter)
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Excellent video. 🔥
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🍿 i voted for this!!!
Mike why rely on thrird party to store, verify. Go through all of the trouble of transporting all this gold around when we already have Bitcoin.
If we had the gold, why hasn’t @elonmusk and Trump gone to Fort Knox to prove it yet?
Haven’t watch your videos in a couple years. Glad to see you’re doing good. 🫡. Golden age is coming
Gold failed as money due to physical limitations: hard to transport, centralized in vaults, and vulnerable to confiscation. Settlement required trust. Bitcoin fixes this: instantly transferable, easy self-custody (12 words), and trustless verification.
For gold to function as a gold standard in 2025, assuming a 40% backing ratio of a $100 trillion global monetary base, the price of gold would need to be approximately $32,957 per ounce. The calculation is based on central banks' gold reserves (37,755 tonnes as of December 2024),
That was the message to Bitcoin maxis in the meeting....
My thoughts exactly Micheal
Hey @grok will there soon be a new global financial monetary reset?
