Ryan
👤 SpeakerAppearances Over Time
Podcast Appearances
So from a ratio perspective, Bitcoin versus gold, it's kind of normal for a bear type market.
It's getting closer to that, right?
And you might wait for a 10 or a 9 on the ratio or something like that, but we're getting pretty close to that as of now.
And look, it's up from 1 10 years ago.
All right?
That's all you got to do.
Is the Trump administration worried about this?
Because more than crypto's loss, it's actually the dollar as a reserve currency's loss that we're seeing here.
Here's another chart showing institutions reducing dollar exposure.
This is the global foreign currency reserve as a percent.
The US dollar is now down to about 56%.
OK, from the 2000s, dollar reserves were 71 percent.
So this is institutions, central banks reducing their dollar asset exposure, right?
Buying other currencies and certainly also buying gold.
And Trump has asked a little bit about this.
Here's what he said.
It's hard to know with Trump.
It's hard to know with Trump because who knows what he actually knows?
Who the fuck knows?
It does feel like this is, when you listen to things that Besant says, for instance, Treasury Secretary, I think this is part of a plan, a weaker dollar, right?