Post
Topic
Board Economics
Re: Bitcoin will replace oil and Gold
by
Anonylz
on 05/04/2021, 12:08:34 UTC
Governments all around the World Secretly start using together with banks the bitcoins.
Oil is done so They replace bitcoin instead of oil.

The btc volatility might go like daily 50k-100k price Changes.

Bitcoin will be instutionalized permanently.
The Global market prices Liqutation postion will be fluctuated by Bitcoin price.


I said this before but nobody didnt listen but now its here!!



The problem is you don't fully know the meaning of replace and you use the word wrongly in your post,
I doubt you understand what you mean when you say btc will replace oil and Gold,  perhaps you mean the price of btc will be more higher than that of oil and gold, that is unarguably fact, btc is very pricy now because people place higher price on it, the price is speculative rather than actual value,

If fiat value is taken away from btc and it is not peg to any fiat, nothing to speculate about and nothing to manipulate,  no price pump and so on,  your story will definitely change,  all this talk about btc replacing gold, silver and oil is because there is a fiat value attached to btc which every upcoming analyst  Wink can measure against other items. But reality is different.