Buckle up, folks! Roald Dahl is here to spill the beans on a “very interesting” Bitcoin fact that’s got the crypto world in a tizzy. π€
Apparently, our dear friend Peter Brandt, a seasoned commodity trader, has noticed something rather peculiar about the relationship between Bitcoin and gold. Despite Bitcoin’s meteoric rise and the influx of institutional investors, it’s still struggling to break free from the shackles of the yellow metal. π€
Brandt described this as “very surprising,” which is putting it mildly. I mean, come on, Bitcoin was supposed to be the new gold, the digital equivalent of the shiny stuff that’s been hoarded for centuries. But alas, it seems the old-school gold is still holding its own. π
And get this, folks: gold is just a hair’s breadth away from hitting a new record high, while Bitcoin is, well, still trying to catch up. π° It’s like watching a race between a snail and a cheetah, except the snail is made of solid gold and the cheetah is made of, you guessed it, Bitcoin. ππ
But wait, there’s more! Some Bitcoin advocates, including a former Meta executive, have been urging the U.S. government to sell its gold holdings and invest in Bitcoin instead. Their logic? Bitcoin would deliver far better returns. π€ Hmm, I wonder how that’s working out for them now. π€
So, there you have it, folks. The trading veteran has spoken, and it seems Bitcoin is still struggling to break free from the shackles of good old-fashioned gold. Who would have thought? π Stay tuned for more crypto drama, because this is just the beginning! π
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2025-02-10 08:59