 | Hi guys, I was just reading the news and it occurred to me that Bitcoin, in all its greatness, has come up with yet another amazing benefit for humanity! Besides being, you know, an uncensorable, limited in supply, decentralized, secure and innovative global value network that allows the people to send, save and keep their money without governments stealing it through inflation! Well, the newly minted Bitcoin ETFs seem to be siphoning away billions from Gold ETFs. If this trend continues, it will mean that Gold, the metal, will become cheaper and cheaper, thus allowing for more and more of its original and most beneficial use cases for humanity such as in electronics, dentistry, jewelry, engineering, medicine, science, amazing and durable coatings etc, that so far had been impossible because of the high price of Gold. As Gold loses its use as a financial asset, with tons and tons of it gathering dust in boring, expensive government vaults that drag on the economy, all those tons will get cheaper and released to do useful things for humanity! Gold ETFs bleed $2.4B so far in 2024 as Bitcoin ETFs hit record volumes So, what do you say guys, will the trend continue and we’ll be soon coating our car parts and patio furniture with cheap Gold for forever durability? I certainly hope so! Once again thank you Satoshi! I never saw this one coming! [link] [comments] |
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