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Balaji Srinivasan, the man making the million dollar bet that bitcoin is about to skyrocket. (Photo by Steve Jennings/Getty Images for TechCrunch) getty. On Friday,.


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Gold opens on the MCX on Friday at Rs 61,925 per 10 grams Silver opens on the MCX at Rs 71,861 per kg Today, the focus will be on UK GDP, India CPI, and US PPI data. Gold prices opened on the MCX.


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Balaji Srinivasan, former Coinbase CTO, in a X post: "The bitcoin ETF is the spiritual reversal of Executive Order 6102. Back in 1935, they seized the gold. Back in 1935, they seized the gold. But.


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"TRILLION DOLLAR COIN โ€” OR TRILLION DOLLAR GOLD? The Treasury might run out of money. It can't borrow till the debt ceiling is raised. And as of right now, there's no agreement in sight. But rather than a trillion dollar coin, the US could remonetize its gold. It has 261โ€ฆ"


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This was after all the richest temple in the world. After my visit, it was announced that a hidden treasure vault had been discovered beyond the already well-documented Vault B inside. Adding to.


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Balaji Srinivasan sheds light on central banks flocking to gold. In his summary, Balaji Srinivasan cites ten points on central bankers' actions. 1) Flight to gold. "Amid volatile [bond] yields, 2022 saw a flight to gold, questions around the US dollar's future as the world's reserve currency, and increased diversification of.


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Balaji. @balajis. Imagine this graph, but in fast forward. That's what happens when people exit a failing fiat currency and enter gold. In this case, they'll exit the dollar and enter digital gold. The bet isn't a way to make money. It's a way to alert innocent dollar holders: get to Bitcoin.


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Gold for February delivery rose $32.40 to $2,051.60 per ounce. Silver for March delivery rose 62 cents to $23.33 per ounce, and March copper fell 4 cents to $3.74 per pound. The dollar fell to 144.89 yen from 145.50 Japanese yen. The euro fell to $1.0957 from $1.0983.


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Just like the bank runs, except this is the central bank. There are however two sources of forewarning. First is the chart of the long-term depreciation of USD vs BTC, from less than $1 USD per BTC to $25k USD per BTC. Much of the smart money has been voting against the dollar since the financial crisis.


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History is running in reverse. 1. Ninety years ago, FDR and his fellow travelers rode the 20th century arc of centralization. The chokepoints of then-new technologies for mass media and mass production allowed them to gain control over the population, recruit top talent for their "Brain Trust", and seize the gold after a series of epic legal.


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"Gold is just grudgingly lower and (the market) hopes PPI will show softer results tomorrow," said Tai Wong, a New York-based independent metals analyst. Silver fell 0.7% to $22.71 per ounce, its.


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The sanctioning of U.S. spot bitcoin exchange-traded funds (ETFs) heralds a transformative shift, according to Balaji Srinivasan.


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