PM GoldFix: Bitcoin Marketing Machine is here
Judge Slams MSM Fed collaboration
Good evening.
There is little to no gold commentary worth looking at right now.
We mentioned last week, now that a spot Bitcoin ETF is seemingly on the way, the attempt to cannibalize Gold will once again be on the table.
The Bitcoin marketing machine is gearing up, and that means the market will likely rise between now1 and the eventual launch.
Here is BLACKROCK’S Larry Fink telling you why Bitcoin is better than Gold just today. Take this seriously. People will take money out of Gold and put it into Bitcoin again. Just as they were told to do last year when the last Bitcoin ETF was launched. Of course then it dropped from $60k to $20k.. but that wasn’t the point. The point is at the margin, people are susceptible to this type marketing.
You can either speculate long in anticipation of what we are showing you, or do nothing. But Bitcoin and to a lesser extent Gold is now in play.
The most important takeaway from this is:
True scientific knowledge is cumulative, but Financial knowledge is cyclical. Put another way.. a sucker is born every minute.
Today:
Below. Goldman Crypto, FOMC Recap