DrStool Posted August 22, 2022 Author Report Share Posted August 22, 2022 24 minutes ago, fxfox said: „A year earlier, in 1933, Executive Order 6102 had made it a criminal offense for U.S. citizens to own or trade gold anywhere in the world, with exceptions for some jewelry and collector's coins. These prohibitions were relaxed starting in 1964 – gold certificates were again allowed for private investors on April 24, 1964, although the obligation to pay the certificate holder on demand in gold specie would not be honored. By 1975 Americans could again freely own and trade gold.“ https://en.m.wikipedia.org/wiki/Gold_Reserve_Act Right. And what is the difference between gold then, and bitcoin now? Come on man. Use your brain. It's exactly the reason why they don't care about cryptocurrencies. Gold was money, and there was a massive run on it that was draining the US government of its gold. BTC is not money. And nobody is demanding that their dollars be converted into BTC. It's the opposite. Link to comment Share on other sites More sharing options...
fxfox Posted August 22, 2022 Report Share Posted August 22, 2022 14 minutes ago, DrStool said: Right. And what is the difference between gold then, and bitcoin now? Come on man. Use your brain. It's exactly the reason why they don't care about cryptocurrencies. Gold was money, and there was a massive run on it that was draining the US government of its gold. BTC is not money. And nobody is demanding that their dollars be converted into BTC. It's the opposite. Yes. Correct. But I think that CB‘s watched Buttcoin a bit more closely once those firms like Microstrstegy and I think even Tesla began buying Buttcoin and took it on their balance dheet. After all what killed Buttcoin was its „financialisation“. Once you could trade Buttcoin Futures and gling short that wss it. Like with Gold in the esrly 80s. Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.