Chart comparing bitcoin price vs tether printing vs retail interest
Greetings community! I know there has been plenty of charts comparing tether and price of bitcoin. I thought that with the last ~4 months of tether treasury ridiculous amounts of printing, i would update chart and also added retail interest through start of 2017 until today. It is rather clear, that after 2017 bubble, there (luckily) is not much retail interest being scammed into this ponzi and hopefully never will. Without retail however, pyramid wont grow and will collapse soon enough. I thought that perhaps community also finds this chart interesting. Also my hope is that those still holding and perhaps happen to read this post, would use this opportunity to get their funds out of this asset class. As we know, it is a zero-sum game, so in simple terms, i would rather see 10 000 000 retail participants get each their $1000 out, than see Bitfinex scamming schmucks through offshore accounts or what-not, get away with $10B. If this post helps atleast one person, it is well worth it. Here is the chart: https://imgur.com/zxFmFUs
Gold vs Bitcoin Chart: BTC Price in Gold (Updated Daily)
So we often discuss the inevitable collapse of fiat currency, but we still cheer when BTC reaches new fiat currency high's. Reality is, much of what we've seen in the last year is simply the devaluation of fiat. In real money terms (gold) we're still down compared to the February 2020 high this year when one BTC = 6.5 oz of gold. Today it's only around 6 oz gold to one BTC. I wish this sub would always discuss BTC price in terms of gold. Update, apparently I didn’t insert link properly https://www.buybitcoinworldwide.com/bitcoin-price-in-gold/
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