Been out of touch a bit lately and not a crypto type investor...

Been out of touch a bit lately and not a crypto type investor but some of the dialogue I've just read is pretty scary.

https://www.news.com.au/finance/mon...h/news-story/739b1ce15fb72e35b0d92e91d9c0e12a

https://edition.cnn.com/2022/05/11/investing/coinbase-stock-bitcoin-cryptocurrencies/index.html

Not keen to use war as an example but if you were in Ukraine starving for food, with no internet or mobile signal how valuable are your crypto currencies stored in The Matrix as a comparison, compared to me holding an ounce of gold in my hand to the man with the loaf of bread and a cake of cheese??

Certainly begs the question.
If even a small % of money invested in cryptos decided to rotate into the gold sector we are going well over $2000.

Work with a guy who held Luna and this week it was from memory around $60 when he got to work and by smoko it was $30, so wisely he decided to sell.

Overnight it hit 69c.

https://unauthorised investment adv...ks-cpi-inflation-data-brings-more-volatility/

Even though KWR is down with the rest of the market, I'll take my chances with hard currencies over digital ones