Bitcoin Has Surpassed $30,000 @JamesGRickards predicted Gold Would Go To $10,000, it appears Jim Rickards is onto something – January 3, 2021,
Now, I’m writing this post in 2021, however, the article I’ll point to was posted in 2017 in which Jim Rickards predicted Bitcoin could hit $30,000, consider watching that video because as of today Bitcoin has surpassed $30,000!
The problem that people bullish on Bitcoin should have after watching that video however is what Jim Rickards predicts could happen next. Jim Rickards gave me the blueprint in which I value Bitcoins. My problem with Bitcoin is that it’s reliant on Fiat dollars to have any value.
If Bitcoin is able to break the regulators, Bitcoin has essentially destroyed the central banking system. Now, I comprehend the argument for Bitcoin, I could even imagine a cyberwarfare scenario, in which the pro-crypto-crowd goes after the governments all over the world, but the cost to mine a bitcoin, the cost to maintain the grid all revolve around the Government and it’s this reason, why I’m not fully on board the crypto-bandwagon.
The way how I see it is 1 Bitcoin can currently buy you 15 ounces of Gold, if I were you and I owned a few Bitcoins, I’d take that deal in a heartbeat. Because unlike Peter Schiff whom I find to has a conflict of interest, is that he sells Gold Stocks, Jim Rickards isn’t as emotionally invested in being right.
I find that Jim Rickards is more analytical and has a better comprehension of the GLOBAL relationship between fiat money and Gold. If you watched the video above titled Economist Jim Rickards on gold versus bitcoin — intrinsic value is meaningless for both but the bitcoin prices aren’t real you might think the video was done in 2020, when in fact they had the conversation way back in 2017, why Gold has been money for such a long period of time is that it NEVER changes, the argument for Gold never changes, Gold is so boring that exposes the flaws in human behavior, mainly that a government can play the role of God.
Bitcoin rallies above $30,000 for first time after advancing over 300% in 2020 | cnbc.com 2021
There’s nothing natural about Bitcoin, it’s computer software designed by flawed humans beings as a reaction to the overt corruption in our central banking system, but it’s a derivative of fiat money and fiat money is a derivative of the gold standard and the gold standard is derived from the best ancient barter system known to man.
Let’s be honest, most of us want something for nothing, welfare appeals to all humans, but welfare via the government is derivative of slavery and slavery is economically inefficient and what happens eventually is a great reset and it appears that all parties involved are trying to position themselves to be the beneficiaries of the coming reset.
Klaus Schwab and The World Economic Forum assumes that Islamists and Communists will let some socialist economic nerds usurp their power and their ‘property’, the Chinese communist party feels like it’s cornering the Western World with its digital dollars, cheap labour, and wasteful government spending and those of us in the West feel like ur fiat money system has the world figured out, we believe that the U.S dollar is the new Gold Standard and fighting deflation by printing money is working and will work forever, the Bitcoin community believes they’ve broken the code, they believe they’re the future and we all need to adapt.
Gold right now is kind of just handing in there, saying hey remember me, record returns here too, I was around $300 an ounce in the year 2000 look at me now and I’m making these record gains in this heavily regulated environment, I’m locked up by the Governments and central bankers of the world and I’m still standing, and oh year remember my good friend silver, well Silver is hanging in there too.
This $30K Bitcoin number is very symbolic to me, because oddly enough it’s happening when the U.S 2020 election is ripe with voter fraud and both Presidential candidates promise to spend more money to appease voters. I initially liked Donald Trump because I thought he would drain the swamp, but after sending Americans’ $2000 checks, Donald Trump embraced the swamp, Biden is hell-bent on raising ENERGY prices, and Bitcoin uses a lot of dirty energy.
All roads point to what Jim Rickards was alluding too, which was $10,000 USD for an ounce of Gold, it sounds ridiculous right now, but so did Bitcoin reaching $30,000 a decade ago. When I hold an ounce of gold in my hand, and look at how many U.S dollars it costs me to buy it, I don’t want to sell my Gold coin! I know what both represent, right now the Bitcoin community feels the same way, it’s only the poor and ignorant who see the U.S dollar as the savior.
Fiat dollars are coupons to me, when I get these fiat dollars I want to get rid of them as soon as possible, I’m happy U.S dollars can still buy me assets, that’s how most smart people are treating fiat dollars today, and because I believe that was the intention all along PURE GOLD reaching $10,000 an ounce doesn’t seem far fetched, if Bitcoin stays above $30,000 for a prolonged period of time, why doesn’t Gold $10,000 not seem realistic?
This is why you should be buying gold | businessinsider.com 2017
Interesting times ahead!