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Comments by "" (@gezenews) on "OMG: Massive SURGE in Repo Fails + Swap Spreads are Plunging" video.
So is gold. But China doesn't own half of all gold in an immediately liquid form that they can programmatically shift around to suit their own benefits.
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@piligrimius82 The same goes for any safe good. The weak point of Bitcoin is not that it is hard to find buyers. You could easily buy bread with it a lot faster than you could buy bread with gold. The problem is the overarching centralized system that is largely untested. I know exactly what will happen to gold if Europe decides to confiscate it all or if China starts trying to buy up as much as they can. There is no precedent for bitcoin in that sphere and in a lot of other areas.
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