it's not about lowering gold and nobody is panicking pro-crypto shill is about gold now because gold has has been the most notable asset post-interest rate cuts by the Fed not long ago it was about dumping ETH for BTC, and by default it's about inflation/currency debasement gold has been impressive. but this is very expected. during gold's last consolidation i've written extensively about how it's setting up very strong support and will make the uptrend continuation even more decisive. every dip was indeed a buying opportunity

looks like crypto twitter has not discovered Mendeleev's periodic table yet 😂 gold has existed for ≈13 billion years for at least 5,000 of those 13,000,000 years it has been money authenticity of gold bars can be tested easily. no need to make up problems that don't exist

hope you enjoyed Friday's gold, silver & miners sell-off now await for the markets to re-open it begins in a few hours 👀

my vibe meter on Bitcoin is off the charts 📈* the algorithm on X has been pushing a lot of pro-BTC content over the past month, and it's becoming more and more irrational: accounts with millions of followers recycling 2024 news about "new" gold reserves in China, false news about China legalizing Bitcoin and calls for gold going down to $2000 every pro-Bitcoin account seems to be calling a long-term gold top (LOL!) and heavy rotation into Bitcoin. actually a lot of BTC shill content is about BTC being better than gold - and the arguments for it aren't very sound. i've written several posts explaining this. BTC crowd seems very obsessed about gold - especially when it comes to showing how it's inferior to Bitcoin. Bitcoin is not gold - and it will never be gold - they're very different assets. that doesn't mean that BTC ownership is a bad idea - but it's important important to approach it rationally a large part of this seems coordinated/paid campaigns. liquidity always needs an exit so Bitcoin should continue with some more downside in the near future * this sentiment is based on vibes, but it's backed by technicals & fundamentals at its base. you can find in-depth explanations in my past posts and threads

governments are already converting from physical currencies to digital currencies and it makes sense - it's cheaper, more traceable and more controllable. digital currencies are programmable - purely physical are not i wrote a thread about how virtually central banks are moving to digital currencies - via retail & wholesale CBDCs: https://illya.sh/threads/@1756336264-1.html

sell your gold and buy Bitcoin dealers/market makers need exit liquidity central banks need a lower purchase price you've been warned! 😄

BTC went from $0.004 to $110,000 USD in 16 years, but gold was never this cheap in over 5000 years Going back to the start of recorded price systems - gold's starting price per gram is ≈100 days of labor! This was in 2112 BCE, which was ≈4K years ago So using earliest records of starting price - 1g of gold would cost ≈25K$ is today's USD 🤯 NOTE: this is an imprecise estimation - but it's useful to bring the gold vs bitcoin price increase argument in perspective. During most of gold's USD history its price has been fixed by the government/law. Will Bitcoin be here in 5K years? No - not in its current form. Gold (Au) hasn't changed in 13 billion years Bitcoin promo accounts love to compare BTC to gold, and they frequently cite that BTC is up much more than gold over the last 16 years. The number is big - from its inception Bitcoin is up millionth of percent What the pro-crypto accounts fail to point out is that mathematically their conclusions are misleading. They almost always use USD as the base currency for comparison, but ignore the fact that gold was used as money several millennia before U.S. was even conceived. As such, such comparisons fail short They also seem to selectively omit the massive volatility - gold doesn't go down 80% every other day/cycle top The gold prices here I computed are estimates - don't take them as hard quantitive data. Read this in the context of comparing the price of gold and Bitcoin. If someone's argument is that Bitcoin is better than gold because it had a higher percentual return in 16 years - it likely lacks substance

1. Bitcoin is not money. Calling it money won't make it money 2. Digital currency designs existed before bitcoin - and double spending wasn't an unsolvable problem 3. Again, bitcoin is not money and all it takes is for your government to declare it illicit to censor it. Bitcoin is not private - you will be tracked if needed & in many ways it's much easier than with banks I'm a big fan of Bitcoin, DeFi & crypto in general, but that doesn't mean reality should be skewed Remember that lot of accounts posting non-stop pro-BTC/crypto content are paid for it - directly or indirectly. Another large portion of them are automated/bots. Keep it real 😎