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Ryan

👤 Speaker
5380 total appearances

Appearances Over Time

Podcast Appearances

Bankless
ROLLUP: Gold & Silver ATHs | Fidelity’s Stablecoin | Ethereum’s Quantum Pivot | Tether Buys Gold

So from a ratio perspective, Bitcoin versus gold, it's kind of normal for a bear type market.

Bankless
ROLLUP: Gold & Silver ATHs | Fidelity’s Stablecoin | Ethereum’s Quantum Pivot | Tether Buys Gold

It's getting closer to that, right?

Bankless
ROLLUP: Gold & Silver ATHs | Fidelity’s Stablecoin | Ethereum’s Quantum Pivot | Tether Buys Gold

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.

Bankless
ROLLUP: Gold & Silver ATHs | Fidelity’s Stablecoin | Ethereum’s Quantum Pivot | Tether Buys Gold

And look, it's up from 1 10 years ago.

Bankless
ROLLUP: Gold & Silver ATHs | Fidelity’s Stablecoin | Ethereum’s Quantum Pivot | Tether Buys Gold

All right?

Bankless
ROLLUP: Gold & Silver ATHs | Fidelity’s Stablecoin | Ethereum’s Quantum Pivot | Tether Buys Gold

That's all you got to do.

Bankless
ROLLUP: Gold & Silver ATHs | Fidelity’s Stablecoin | Ethereum’s Quantum Pivot | Tether Buys Gold

Is the Trump administration worried about this?

Bankless
ROLLUP: Gold & Silver ATHs | Fidelity’s Stablecoin | Ethereum’s Quantum Pivot | Tether Buys Gold

Because more than crypto's loss, it's actually the dollar as a reserve currency's loss that we're seeing here.

Bankless
ROLLUP: Gold & Silver ATHs | Fidelity’s Stablecoin | Ethereum’s Quantum Pivot | Tether Buys Gold

Here's another chart showing institutions reducing dollar exposure.

Bankless
ROLLUP: Gold & Silver ATHs | Fidelity’s Stablecoin | Ethereum’s Quantum Pivot | Tether Buys Gold

This is the global foreign currency reserve as a percent.

Bankless
ROLLUP: Gold & Silver ATHs | Fidelity’s Stablecoin | Ethereum’s Quantum Pivot | Tether Buys Gold

The US dollar is now down to about 56%.

Bankless
ROLLUP: Gold & Silver ATHs | Fidelity’s Stablecoin | Ethereum’s Quantum Pivot | Tether Buys Gold

OK, from the 2000s, dollar reserves were 71 percent.

Bankless
ROLLUP: Gold & Silver ATHs | Fidelity’s Stablecoin | Ethereum’s Quantum Pivot | Tether Buys Gold

So this is institutions, central banks reducing their dollar asset exposure, right?

Bankless
ROLLUP: Gold & Silver ATHs | Fidelity’s Stablecoin | Ethereum’s Quantum Pivot | Tether Buys Gold

Buying other currencies and certainly also buying gold.

Bankless
ROLLUP: Gold & Silver ATHs | Fidelity’s Stablecoin | Ethereum’s Quantum Pivot | Tether Buys Gold

And Trump has asked a little bit about this.

Bankless
ROLLUP: Gold & Silver ATHs | Fidelity’s Stablecoin | Ethereum’s Quantum Pivot | Tether Buys Gold

Here's what he said.

Bankless
ROLLUP: Gold & Silver ATHs | Fidelity’s Stablecoin | Ethereum’s Quantum Pivot | Tether Buys Gold

It's hard to know with Trump.

Bankless
ROLLUP: Gold & Silver ATHs | Fidelity’s Stablecoin | Ethereum’s Quantum Pivot | Tether Buys Gold

It's hard to know with Trump because who knows what he actually knows?

Bankless
ROLLUP: Gold & Silver ATHs | Fidelity’s Stablecoin | Ethereum’s Quantum Pivot | Tether Buys Gold

Who the fuck knows?

Bankless
ROLLUP: Gold & Silver ATHs | Fidelity’s Stablecoin | Ethereum’s Quantum Pivot | Tether Buys Gold

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?