Collapse of Crypto — not a store of value; gold is backAccording to Jim Cramer today.
Not sure the exact reasons he staed this, however here is one of mine:
Take a look at what Canada's tyrant is doing as part of the Emergency Act implementation. They are going after crypto wallets. My understanding in part of crypto was it was a store of value which governments could not tarnish with all that money printing. Well its not so safe really.
Western governments would use anything as an excuse to go after crypto since therte is no way they were going to stand idle and watch fiat currencies collapse. The US is starting a crypto task force if I am not mistaken.
Governments also have hundreds of billions invested in gold reserves.
GLTA
BC