patrick.net

Cigarettes were money in Germany after their defeat in WWII.

Patrick says

Cigarettes were money in Germany after their defeat in WWII.

Yes, women would put out for a pack of Patrick's.

Yes Bitcoin likely competed with precious metals from 2012 to 2025.

And precious metals are on a tear for about the last 12 months with silver up 272% and gold up 90%.

However, wealth managers are recommending to their clients that they 1 to 4% at least in Bitcoin. And traders may cash gains out in silver and rotate to Bitcoin.

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https://www.tradingview.com/news/cryptonews:67bac0d5c094b:0-dalio-u-s-nears-crisis-point-as-bitcoin-trapped-by-american-selling-pressure/

Ray Dalio warned the U.S. stands “on the brink” of transitioning from Stage 5 pre-breakdown to Stage 6 systemic collapse as Bitcoin is trading defensively at $88,000, trapped in a 60-day range by record institutional selling pressure from American counterparties.

The billionaire investor’s latest analysis of the “Big Cycle” coincides with Bitcoin’s failure to live up to its “digital gold” narrative, while traditional safe havens surge to all-time highs.

There are about 1 million Bitcoin to mine over next 105 years to reach the limit of 21 million Bitcoins.

So 20 million coins now in circulation at $89,000 each and the market cap is about $1.78 trillion.

The household net worth (stocks, home equity, etc) of Americans totals $167 trillion.

So if the world had 1% of its $454 trillion in wealth in Bitcoin that would be $4.54 trillion.