This newsletter is sponsored by PHEMEX, the world's best crypto exchange for both spot and leverage. Sign up with the link above and get some free Bitcoin - up to $3600 worth. I really encourage you to check them out.REVUE had technical issues, so the newsletter is 2 hours late! The charts will be a bit dated, as this was ready to send 2 hours ago.Bitcoin will eventually replace gold as the most popular store of value on the planet.I don’t believe that gold is going anywhere, but its performance has been lackluster at best. Mike Novogratz, one of the greatest investors of our time, said it best in a recent interview:“I think if you had asked gold bugs two years ago where the price of gold would be, given what’s happened in monetary and fiscal conditions around the world, they would have all answered far higher than here at $1,800.”“What’s happened? There’s been a substitution of Bitcoin for gold. We’ve seen it directly [and] indirectly. You see it in the charts. I still think gold was probably an okay asset to own in this environment, but it’s just gotten crushed by Bitcoin…”Why might this be happening?Investors only have a few options for gaining exposure to gold. Bullion is the truest form of ownership, but comes at a premium. Investors pay up to 5% or more over spot price, meaning they have to hold and wait for price to rise just to break even. Physical gold owners also have to consider proper storage, which can be expensive and difficult. They also require IRS approval if they want the gold they own to be a part of a tax-advantaged investment account. These inefficiencies leave investors with a dilemma - invest in paper gold and give up true ownership, or truly own your gold and manage premiums and security.Most gold investors are willing to forego ownership in its truest form and step into the world of paper gold, because it is far more convenient and is less expensive. Wait until they realize that they can have their cake and eat it too with Bitcoin. Bitcoin offers investors the ability to choose true ownership, without having to buy into rising premiums or pay for physical storage. Bitcoin offers far better liquidity than paper gold at the same level of ownership as physical gold. Gold will never simultaneously offer true ownership, simple storage, high-level liquidity, and low premiums. For these reasons, Bitcoin is quickly gaining on gold.Bitcoin doesn’t need an $11T market capitalization to pass gold. It is easy to get caught up in Bitcoin’s growing market cap and forget that other market caps also fluctuate outside of our ecosystem.As Bitcoin grows, it is likely that gold continues to drop in value as investors jump ship. Bitcoin may only need an $8T market cap to finish the job by the time they cross. This moment will without a doubt be the largest milestone Bitcoin has ever achieved, far bigger in my opinion than any price level. Replacing gold’s market cap will make solidify the narrative that Bitcoin the best store of value on the planet.Bitcoin has already flipped silver. It will consume gold in due time.Chart Request Live Stream at 1:30 PM EST. Please follow the rules. I cannot take requests at any other time, so if you send them during a different window they may not get charted. Remember, no more email requests.1 chart per person, per weekSubmit your request between now and 12:30 PM EST.You can only submit your request through the link below.If it is not on TradingView, there is a chance I will not able to chart it.REMINDER: I can only do so many charts on the livestream. My assistant picks 25 random requests from everyone’s submissions and those are the coins I chart.Chart Request FormChannel linkIf you are a new member, please refer to THIS BLOG for instructions on how to make my charts your own.THERE WILL BE NO NEWSLETTER OR LIVE STREAMS TOMORROW. IT IS A HOLIDAY!In This Issue:Bitcoin Will Crush GoldA Deep Dive Into Algorand - IntoTheBlockBitcoin Thoughts And AnalysisAltcoin ChartsU.S. Regulators To Outline Crypto Rules For BankseToro Is Delisting Cardano And TronIndia Bans And Unbans Crypto - AgainMy Recommended Platforms And ToolsIF YOU HAVE ANY ISSUE WITH THE NEWSLETTER OR YOUR SUBSCRIPTION, PLEASE CONTACT: PREMIUMSUPPORT@GETREVUE.CO
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The Wolf Den #378 - Bitcoin Will Crush Gold
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This newsletter is sponsored by PHEMEX, the world's best crypto exchange for both spot and leverage. Sign up with the link above and get some free Bitcoin - up to $3600 worth. I really encourage you to check them out.REVUE had technical issues, so the newsletter is 2 hours late! The charts will be a bit dated, as this was ready to send 2 hours ago.Bitcoin will eventually replace gold as the most popular store of value on the planet.I don’t believe that gold is going anywhere, but its performance has been lackluster at best. Mike Novogratz, one of the greatest investors of our time, said it best in a recent interview:“I think if you had asked gold bugs two years ago where the price of gold would be, given what’s happened in monetary and fiscal conditions around the world, they would have all answered far higher than here at $1,800.”“What’s happened? There’s been a substitution of Bitcoin for gold. We’ve seen it directly [and] indirectly. You see it in the charts. I still think gold was probably an okay asset to own in this environment, but it’s just gotten crushed by Bitcoin…”Why might this be happening?Investors only have a few options for gaining exposure to gold. Bullion is the truest form of ownership, but comes at a premium. Investors pay up to 5% or more over spot price, meaning they have to hold and wait for price to rise just to break even. Physical gold owners also have to consider proper storage, which can be expensive and difficult. They also require IRS approval if they want the gold they own to be a part of a tax-advantaged investment account. These inefficiencies leave investors with a dilemma - invest in paper gold and give up true ownership, or truly own your gold and manage premiums and security.Most gold investors are willing to forego ownership in its truest form and step into the world of paper gold, because it is far more convenient and is less expensive. Wait until they realize that they can have their cake and eat it too with Bitcoin. Bitcoin offers investors the ability to choose true ownership, without having to buy into rising premiums or pay for physical storage. Bitcoin offers far better liquidity than paper gold at the same level of ownership as physical gold. Gold will never simultaneously offer true ownership, simple storage, high-level liquidity, and low premiums. For these reasons, Bitcoin is quickly gaining on gold.Bitcoin doesn’t need an $11T market capitalization to pass gold. It is easy to get caught up in Bitcoin’s growing market cap and forget that other market caps also fluctuate outside of our ecosystem.As Bitcoin grows, it is likely that gold continues to drop in value as investors jump ship. Bitcoin may only need an $8T market cap to finish the job by the time they cross. This moment will without a doubt be the largest milestone Bitcoin has ever achieved, far bigger in my opinion than any price level. Replacing gold’s market cap will make solidify the narrative that Bitcoin the best store of value on the planet.Bitcoin has already flipped silver. It will consume gold in due time.Chart Request Live Stream at 1:30 PM EST. Please follow the rules. I cannot take requests at any other time, so if you send them during a different window they may not get charted. Remember, no more email requests.1 chart per person, per weekSubmit your request between now and 12:30 PM EST.You can only submit your request through the link below.If it is not on TradingView, there is a chance I will not able to chart it.REMINDER: I can only do so many charts on the livestream. My assistant picks 25 random requests from everyone’s submissions and those are the coins I chart.Chart Request FormChannel linkIf you are a new member, please refer to THIS BLOG for instructions on how to make my charts your own.THERE WILL BE NO NEWSLETTER OR LIVE STREAMS TOMORROW. IT IS A HOLIDAY!In This Issue:Bitcoin Will Crush GoldA Deep Dive Into Algorand - IntoTheBlockBitcoin Thoughts And AnalysisAltcoin ChartsU.S. Regulators To Outline Crypto Rules For BankseToro Is Delisting Cardano And TronIndia Bans And Unbans Crypto - AgainMy Recommended Platforms And ToolsIF YOU HAVE ANY ISSUE WITH THE NEWSLETTER OR YOUR SUBSCRIPTION, PLEASE CONTACT: PREMIUMSUPPORT@GETREVUE.CO