Loading ...So Bitcoin is up more, just in one day… today… than one ounce of gold is worth??? Okay, here’s my question.
If I own one Bitcoin which today is worth 60,000…. and I have it in my Bitcoin wallet…. and I walk into a coin dealers store and ask to exchange my one Bitcoin for, say, 25 ounces of gold coins….do I walk out with a very overweight pocket of gold coins, or the sound of laughter from the coin dealer as I am being escorted out the door???????????
I don’t own any bitcoin, but it seems to be following a four year cycle. Last high was the end of 2021, so that would put the next high about a year and a half away. Could be that all the traditional gold miner investors have moved over to bitcoin. That could explain why gold keeps moving higher but not the miners stocks.
I think the answer is yes if the dealer takes bitcoin vs $s
Do you know any dealers who WILL take Bitcoin? I know our local one I deal with will NOT.
Miles Franklin takes Bitcoin
Nice!