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"Even a $3B purchase of BTC might appreciate to be on par with India's gold reserves given another 10X appreciation in the Bitcoin price." So, India should spe
by metabagel 6y ago
"Even a $3B purchase of BTC might appreciate to be on par with India's gold reserves given another 10X appreciation in the Bitcoin price."
So, India should speculate on BTC, because it might go up. Got it.
- jwblackwell 6y agoBased on this logic aren’t all countries speculating on gold? How do you view sovereign wealth funds?