Stop setting expectations that bitcoin is going to rise when people find out the gold isn't in Fort Knox. I wouldn't be surprised if the Trump admin makes sure it's filled before going in there to signal economic strength as the world is scrambling for physical gold.
Banking on an empty vault for a bitcoin price pump is setting the market up for disappointment.
The correct framing is: we shouldn't have to wonder whether or not the gold is in Fort Knox, we should be able to publicly audit the country's reserves 24/7/365 and bitcoin enables that. It is very hard to do that with gold, as the last five decades have proven.
Replies (42)
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Word
Patience is a virtue. Few have it
Bitcoin is going to rise when when weekly DCA Hits this Friday at 8 am
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Agree on all points.
+ feel that 🌽 price would soul-crushingly crash if there’s no gold in fort knox before quickly reversing course and proceed to rip everyone’s faces off
excellent take, no need to agitate for price increase, if our thesis is correct, it is inevitable for bitcoin value to increase until adoption overtakes lesser currencies
also... I'm a po boy, keep it cheap longer 🙏 lol
There have been reports of the gold moving out of britain and europe vaults so seems likely
what is the weekly DCA?
I’ve never seen you run the numbers before, Marty.
💯 The only thing I’m banking on for a Bitcoin pump is the passage of time.
Odds of Elon putting all spending on a blockchain (I don’t say btc on purpose here). I’m a maxi pls don’t yell at me, I just think it’s the correct question.
DCA in Bitcoin is Dollar-Cost Averaging, where you buy a fixed amount regularly to mitigate volatility. It can be hourly, daily, weekly,…
The only reason to audit FK is if they want to revalue the gold to current market value and use that to ‘fund’ the government without been laughed out by adversaries telling ’the gold is not there’. I don’t think the gold is there but we never known.
Yup… almost zero chance when the “official audit” happens some substantial amount of gold is missing. 1) It breaks trust in the institution 2) derivative markets break. Is it there now? Probably not..Will it be? Almost certainly.
Let them lean into Gold. More time for the citizens/plebs to stack a better money.
I don’t get why some seem to be rooting so hard for the US to get its fiscal house in order. Aren’t we here to separate money from the state?
like they guy who has been buying 30 dollars a day for the past 8 years?
so every week when peoples pay checks hit and those auto buys hit the prive will bump?
The US getting its fiscal house in order does nothing to change the separation of money and state that bitcoin brings to the world, and it is the moral thing to do. While many people do not like the government (myself included), it would be foolish and immoral not to support the elimination of corruption and waste.
IMHO - If it’s a two horse race BTC vs USD; and if USD is strengthened (vs weakened) as *the world reserve currency* then the timing of the world adopting a neutral money will change accordingly. Won’t humans be collectively better off the sooner we get a neutral money?
Word
Wise words Marty. Thank you
Bitcoin purchasing power will rise because it's the best fucking money on Earth
Would be nice to see the USD devalued to 50,000 USD per ounce though...
Bitcoin will temporarily crash if there’s no gold in Fort Knox
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Haha yes my 10 dollar DCA is going to send us to the moon , Michael saylors DCA on the other hand...
US debt will soon surpass WW2 levels as share of GDP ( but isn't yet at crisis levels )
when that happens bitcoin will GO UP
Trump must declare an emergency soon
and that’s when we come in
the saviours
be ready
With regards to the TFTC post. Great framing, but was surprised to hear my uncle Marty taking the name of the Lord in vain.
What if the gold is actually for the XRP rug?
Marty what if there is actually more gold in there than there should be and the us has to explain how we got it…
i have a plan
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I don't think DOGE are even capable of tying their own shoes, buddy. Time to admit you were wrong.
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