OTCPK:KRCLF - Post by User
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MaterialsManon Sep 01, 2023 6:01am
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Post# 35615342
Similar song
Similar songYou probably noticed that the price of bitcoin spiked on some news du jour, then, just as quickly retreated.
In the interim, the usual suspects came back out of the shadows with their projections of how high the price will probably go.
Does this sound familiar to what happens when the gold price has a big move.
A debate has begun as to whether Bitcoin will eventually take over as the worlds go to, what its advocates call, hard currency.
Advocates for gold feel similarly.
Of course the establishment knows with absolute certainty that the dollar is and will remain the worlds reserve currency.
If it's between bitcoin and gold, my money is on gold. But the dollar is unlikely to go anywhere in a hurry.
In the meantime, I think that gold makes for a better insurance policy than bitcoin.