The commies are going nuts because gold and silver are skyrocketing. They really want us to invest in Bitcoin which is why they invest in Bitcoin to prop it up although I hear they are panic selling suddenly in places like Blackrock.
So the psyop they are running is where they are using their Mossad and CIA accounts on Twitter (and beyond) to claim that they are speed selling their gold and silver because they "assume" it reached a peak and is on its way down. To top it off, they claim that they will use the money made to buy Bitcoin to promote their crypto scam operation.
Don't fall for it. Gold and Silver will keep going up not just for decades but centuries until we stop using money altogether really.
Sample clown post: https://x.com/lynk0x/status/1979252800002441391
It's a new era. We have come full circle. The Khazarians fooled us into not using gold silver anymore, we learned a hard lesson that everything else is a lower, corruptible form of money and now we are bouncing back. Don't let the commies trick you.
Buy precious metals if you wanna make some money and restore the economy. Sell all crypto if you were stupid enough to buy any. Let's go!
So about 20-30% of BTC is in the hands of governments and financial corporations.
That's just not true. BTC has been adopted as legal tender by El Salvador and Central African Republic. BTC is used by millions for transactions in the US, India, Indonesia, Nigeria, Russia, Ukraine, Vietnam, Brazil, etc. There is a lot of BTC trading going on and it will only get more. As for the conversion rate, the trading will be done in Satoshi (one hundred millionth BTC, currently $1).
That's hard to determine because addresses are not always personal wallets. Some addresses are held by exchanges and custodians. When you adjust for custodial wallets, lost supply, and dormant holdings, it's not as bad as it appears looking at the raw stats. But sure, I agree there is vulnerability to speculation by whales. This is true for any money or asset and BTC is no exception here.