If money flows into precious metals ... how much will come from the crypto market? and what will it do to the price of cryptos?
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If money flows into precious metals ... how much will come from the crypto market? and what will it do to the price of cryptos?
My own opinion is very little would move to gold. The McGuire article looks like another cheap gold pimping article. Its like suggesting that 15 minutes of a Peter Shiff podcast went missing so there must be some truth. The inflow to gold will come from the fire sales of stock and equities during a collapse. A little of that inflow should go to cryptos as well, but less than 1% know how to even purchase a bitcoin. When people say bitcoin/eth is in a bubble I just shake my head. Worldwide, what is the percent if people that know how to buy a crypto? If 1% figured it out how fast would the price go up?