'Yes, precisely. WHY has (superior) alternatives like BTC been tanking??'
Bitcoin may be superior from your point of view but from the point of view of the central banks leading the charge into Gold, its not.
China mines more gold than any other nation and Russia is not far behind.
From a geopolitical PoV the BRICS nations and their central banks now naturally prefer gold to USTs.
China is using gold as backing for its advancement of the Yuan as a trade settlement alternative to the USD.
Bitcoin is a tiny market with low liquidity and highly associated with the US and Trump...hardly appealing to the BRICS nations.
The values of individual freedom and sovereignty that Bitcoin supports are not aligned with those of the nation states now stacking gold at unprecedented rates.
'Yes, precisely. WHY has (superior) alternatives like BTC been tanking??'
Bitcoin may be superior from your point of view but from the point of view of the central banks leading the charge into Gold, its not.
China mines more gold than any other nation and Russia is not far behind.
From a geopolitical PoV the BRICS nations and their central banks now naturally prefer gold to USTs.
China is using gold as backing for its advancement of the Yuan as a trade settlement alternative to the USD.
Bitcoin is a tiny market with low liquidity and highly associated with the US and Trump...hardly appealing to the BRICS nations.
The values of individual freedom and sovereignty that Bitcoin supports are not aligned with those of the nation states now stacking gold at unprecedented rates.