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RE: Simple Bitcoin Explanation - The Most Undervalued Asset In Human History
Gold and Silver are both artificially suppressed thus extremely undervalued... You could give 3.7 ounces of silver to every person on earth. Doing the math... I cannot agree that it is more undervalued than bitcoin.
Thanks for the comment though!
As context, silver is supressed 500 to 1 paper to physical, and gold 231 to one.. so silver has far more pressure from short sells, as it's truely the more valueable metal for industry.
Yes, I am well aware of that. I believe there should be some unity in the PM markets and Crypto.... since I am in both myself. I see all three shooting through the roof not too long from now.
The point is, if no massive physical is demanded from exchanges, the paper trade will continue. It could even be that paper price moves to zero while physical becomes unobtainable.