The Tweet that wiped billions of dollars off the crypto market cap.
(mobile.twitter.com)
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This is interesting.
Most people who own crypto and aren't just riding the wave to dump it eventually, own it because they believe it's safer than owning the likes of GLD or PHYS.
If it was proven not to be, the dip would make this one look like nothing.
It is safer than owning the ETFs in my opinion, because I don't think those ETFs are going to be able to be cashed in.
If any confiscation goes into effect, any physical metals that I have will be lost in a boating accident along with all of my guns and ammo, which is a real shame.
That being said, I think "Constitutional Silver" might be actually very useful for a short period of time because it's mostly silver... but it looks like some random coin. What are the cops gonna do, confiscate quarters... during hyperinflation? Only clever people will notice that the date on the coin says 1955. If hyperinflation spikes and the price of silver goes with it... Well, it will be like those old stories about buying a cup of coffee and a news paper for a nickle, even if the cup of coffee and news paper are officially priced at $35 total.