{"id":53550,"date":"2021-02-21T19:39:21","date_gmt":"2021-02-21T23:39:21","guid":{"rendered":"http:\/\/stateofthenation.co\/?p=53550"},"modified":"2021-02-21T19:39:21","modified_gmt":"2021-02-21T23:39:21","slug":"not-only-are-we-witnessing-the-biggest-cryptocurrency-bubble-of-all-time-its-also-a-global-psyop-to-con-the-gold-and-silver-bugs-to-sell-their-metal","status":"publish","type":"post","link":"http:\/\/stateofthenation.co\/?p=53550","title":{"rendered":"Not only are we witnessing the biggest cryptocurrency BUBBLE of all time, it’s also a global psyop to con the gold and silver bugs to sell their metal."},"content":{"rendered":"

Bitcoin Tops $58k, More Valuable Than A Kilo Of Gold<\/h1>\n

ZeroHedge.com<\/p>\n

After “collapsing” yesterday from over $57,000 to $54,000, Bitcoin has been bid back up to new record highs, just surpassing $58,000 for the first time ever…<\/p>\n

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Source: Bloomberg<\/em><\/p>\n

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Which has interestingly pushed the price of 1 bitcoin above the price for 1 kilo of gold for the first time ever…<\/p>\n

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Source: Bloomberg<\/em><\/p>\n

This latest move comes after\u00a0a Twitter debate<\/a>\u00a0with bullion dealer Peter Schiff\u00a0on the relative merits of\u00a0Bitcoin<\/a>\u00a0compared with gold as a store of value, Tesla CEO Elon Musk said, \u201cyou might as well have\u00a0crypto<\/a>.\u201d<\/strong><\/p>\n

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As Decrypt reports,<\/a>\u00a0Schiff Gold chairman and precious metals dealer Peter Schiff jumped on a tweet published yesterday by Elon Musk, in which the Tesla CEO echoed verbatim a\u00a0tweet he wrote before Christmas<\/a>, saying: \u201cBitcoin is almost as bs as fiat money.\u201d<\/p>\n

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Musk\u2019s tweets to his 47.4 million followers\u00a0influence crypto prices<\/a>\u00a0dramatically, and he often engages with others in dialogue over crypto. In fact, a tweet exchange\u00a0with MicroStrategy CEO Michael Saylor\u00a0<\/a>may have inclined the Tesla man towards Bitcoin in the first place.<\/p>\n

Schiff managed to lure Musk into a conversation about comparing gold with Bitcoin as a store of value. Schiff replied to Musk that,\u00a0 \u201cI agree, I just think Bitcoin, which is digital fiat, is even more BS than the paper fiat issued by central banks.\u00a0#Gold<\/a>\u00a0is not BS. It’s real money and better than both!\u201d<\/p>\n