The gold re-evaluation thing as an accounting trick (without actually selling any), I saw it mentioned first just before Orange Man took office. I think it was Hayes's blog - one of my preferred sources for bitcoin relevant macro analysis - but I wouldn't bet my family jewels on that. At any rate, it's not a new idea, as it's been mentioned several times after Biden went to sleep.
In fact, I think that minerals that are naturally derived and have value are the real and reliable assets. Those that will never bankrupt you. The value of man-made assets (dollars, euros, dirhams, etc.) is determined by comparing them. This rule isn't applies to cryptocurrencies. They are completely operated in a free market system. It can make you very rich or very poor.
So shouldn't we invest in any other currency, including Bitcoin?
If we compare the price of gold with some cryptos, we will see,,
In 2011, the price of gold per ounce was about $ 1800, which is worth $ 3350 in the current market.
Again, in 2011, 300 Bitcoins (at an average price of $6) could be purchased for $1,800, with a current market value of $28,650,000.
So, the capital of those who hoarded gold from 2011-2025 is 1.86 times the amount of money they hoarded.
And the capital of those who hoarded Bitcoin is 15,916.6 times the amount they hoarded.
[Note: The prices taken are not exactly flat rates]
From the above, it can be seen that those who hoarded Bitcoin from 2011 to 2025 made a lot of profit in terms of investment, which is many times higher than the profit on gold hoarding.
But hoarding Bitcoin was a risky business, which was not the case with gold.
What do you think is the best investment?
Bitcoin or mineral resources (Gold).