MMT Age Chronicles: Elon Musk And Bitcoin Have Found Each Other - "China's Gold Consumption During The Spring Festival Grew 80% From Last Year". (2024)

MMT Age Chronicles: Elon Musk And Bitcoin Have Found Each Other - "China's Gold Consumption During The Spring Festival Grew 80% From Last Year". (1)

There are a lot of voices among the brave Bitcoin community and Reddit "investors" that Gold has outstayed its 5,000 years welcome. I love to hear it, at least nobody is calling Gold a bubble when it is trading just shy of $2,078 intraday all-time high reached last August. We like what we see and we are buying more of it now.

MMT Age Chronicles: Elon Musk And Bitcoin Have Found Each Other - "China's Gold Consumption During The Spring Festival Grew 80% From Last Year". (2)

What a few short months can do in the MMT Age! My beloved Elon Musk and Bitcoin have found each other and I lost sleep for a couple of days. All geniuses have to fight their own demons.

MMT Age Chronicles: Elon Musk And Bitcoin Have Found Each Other - "China's Gold Consumption During The Spring Festival Grew 80% From Last Year". (3)

Some of them are doing it publicly, inviting the SEC as a witness. One day "Bitcoin is almost as "BS" as fiat money" - the other day you have its logo in the Twitter Bio and a few days later an announcement about a $1.5 Billion worth purchase by Tesla.

MMT Age Chronicles: Elon Musk And Bitcoin Have Found Each Other - "China's Gold Consumption During The Spring Festival Grew 80% From Last Year". (4)

Craig DeWitt @CryptoCwby

Welcome to Bitcoin "market" with a price discovery driven by Tether digital printing press instead of FED's FIAT "digital press" and Elon Musk Twitter feed. Do brave FED fighters on blockchain even realise that?

MMT Age Chronicles: Elon Musk And Bitcoin Have Found Each Other - "China's Gold Consumption During The Spring Festival Grew 80% From Last Year". (5)

Holger Zschaepitz @Schuldensuehner

Now everything is back to normal and the proper centuries-old definition can be applied even during the Twitter and Reddit investment gurus age. Bubbles are bubbles. If you put two bubbles together, you just getting a larger bubble.

MMT Age Chronicles: Elon Musk And Bitcoin Have Found Each Other - "China's Gold Consumption During The Spring Festival Grew 80% From Last Year". (6)

Holger Zschaepitz @Schuldensuehner

Who will bring down who is not so important for us here. I love Tesla and Elon Musk is a genius, but my money is going upstream for a long time and now Tesla is moving up as well with its "The Art of War" in Lithium Space.

MMT Age Chronicles: Elon Musk And Bitcoin Have Found Each Other - "China's Gold Consumption During The Spring Festival Grew 80% From Last Year". (7)

Even the best trees are not growing to the moon, but even "pigs" can fly for a while during the hurricane. We discussed with you already that some super-smart banksters are pumping up the "Lithium Hot Air Balloons"and releasing them into the thin air full of electricity and FOMO these days.

MMT Age Chronicles: Elon Musk And Bitcoin Have Found Each Other - "China's Gold Consumption During The Spring Festival Grew 80% From Last Year". (8)

These shiny balloons will carry your money away in those banksters' pockets. Our Mining Alliance of Trust and simple Mining 101 rules on how to Make Your Own Research and keep flies from your hamburgers can help all those who are ready to learn and prosper.

MMT Age Chronicles: Elon Musk And Bitcoin Have Found Each Other - "China's Gold Consumption During The Spring Festival Grew 80% From Last Year". (9)

The last thing to note here is that you must always have a clear definition of your actions for yourself and have a clear mental separation between trading & speculation and old fashioned investing.

MMT Age Chronicles: Elon Musk And Bitcoin Have Found Each Other - "China's Gold Consumption During The Spring Festival Grew 80% From Last Year". (10)

Philip Calrissian @Trading_Sunset

It is important, that all HOT things on Reddit are coming back down from the sky like stones affirming the laws of gravity. And the time of the "half-life of radioactive hype" of every next Pump and Dump is getting shorter and shorter.

MMT Age Chronicles: Elon Musk And Bitcoin Have Found Each Other - "China's Gold Consumption During The Spring Festival Grew 80% From Last Year". (11)

Other warning signs to keep in mind will be two covers of The Economist which are separated by one year.

MMT Age Chronicles: Elon Musk And Bitcoin Have Found Each Other - "China's Gold Consumption During The Spring Festival Grew 80% From Last Year". (12)

As one of my followers noted: "All Big Techs are higher now" - my humble response was: "We had quite a few things in between..." Be careful, Do Your Own Research, buckle up and stay safe.

MMT Age Chronicles: Elon Musk And Bitcoin Have Found Each Other - "China's Gold Consumption During The Spring Festival Grew 80% From Last Year". (13)

In the space of the solid business which is driven by the megatrends, Dr Copper is screaming inflation and breaking out $4.0 per lb. Tesla rEVolution is supercharging The Green Energy Metals: Copper, Silver and Lithium and now you are reading in the headlines all 1,000 reasons why we are building GEM Royalty TNR Gold.

MMT Age Chronicles: Elon Musk And Bitcoin Have Found Each Other - "China's Gold Consumption During The Spring Festival Grew 80% From Last Year". (14)

Your grocery bills, insurance premiums and other "things that you need" are screaming: "Inflation" - as well. "I think the price of doing too little is much higher than doing something big," - said Treasury Secretary Janet Yellen. We already know what is coming next. Now we can address the Big Picture for Gold.

MMT Age Chronicles: Elon Musk And Bitcoin Have Found Each Other - "China's Gold Consumption During The Spring Festival Grew 80% From Last Year". (15)

Despite all that FUD, total "panic and despair" in certain "monetary" circles which are minting numerous cryptocurrencies visually presented as some kind of Gold 2.0 (but "better and digital") coins, everything is fine with our young Bull Market. It is ready to celebrate in style the new leg up with the Chinese New Year.

MMT Age Chronicles: Elon Musk And Bitcoin Have Found Each Other - "China's Gold Consumption During The Spring Festival Grew 80% From Last Year". (16)

"China's Gold consumption during the seven day Spring Festival grew 80% compared to the same period last year," - China Perspective. There are numerous reported shortages of physical Gold and Silver already.

MMT Age Chronicles: Elon Musk And Bitcoin Have Found Each Other - "China's Gold Consumption During The Spring Festival Grew 80% From Last Year". (17)

Now we should put all the recent market noise in the perspective of The Big Picture for Gold.

MMT Age Chronicles: Elon Musk And Bitcoin Have Found Each Other - "China's Gold Consumption During The Spring Festival Grew 80% From Last Year". (18)

Gold is beating Warren Buffett's performance and S&P 500 this century.

MMT Age Chronicles: Elon Musk And Bitcoin Have Found Each Other - "China's Gold Consumption During The Spring Festival Grew 80% From Last Year". (19)

The recent initial scare of the rising rates and sell-off in the bonds markets brought Gold to its recent consolidation stage of this beautiful Cup and Handle formation. Nobody can afford now to scare the smart money from the enormous bond market and bring to the US Treasury market a further question about its stability as we had during the dark Double Black Monday in March of 2020.

MMT Age Chronicles: Elon Musk And Bitcoin Have Found Each Other - "China's Gold Consumption During The Spring Festival Grew 80% From Last Year". (20)

Yield Curve control is next on the FED's menu and Gold will be driven by The Real Interest Rates, which will remain negative for years to come. Very smart engineering of a new investment paradigm in the form of Bitcoin and presentation it as the Gold 2.0 allowed to take the pressure from the Gold market for a while. Gold Market Manipulation continued to keep young investment gurus on Reddit and Twitter scared and the rise of the Gold price more or less gradual.

MMT Age Chronicles: Elon Musk And Bitcoin Have Found Each Other - "China's Gold Consumption During The Spring Festival Grew 80% From Last Year". (21)

Now the question for Big Brothers and their FED will be what is worse to have in order to keep the status quo - Gold at $5,000 or a breakdown of the US Treasury market during record deficits and the US National Debt pushing towards $30 Trillion? We can start even entertain very interesting charts with long term Gold price projections based on the exponential expansion of the monetary base. Needless to say, that any affirmation for the Robinhood generation that Gold is heading towards $5,000 and not $500 will bring the real fireworks to the best Gold mining and exploration companies.

MMT Age Chronicles: Elon Musk And Bitcoin Have Found Each Other - "China's Gold Consumption During The Spring Festival Grew 80% From Last Year". (22)

𝙋𝘼𝙉𝙄𝘾 𝙎𝙀𝙇𝙇𝙄𝙉𝙂 @panicselling

As you know, not everything in the recent Reddit and Twitter investment phenomenons is just short-term "gamma squeeze" speculation. Now with the Silver Squeeze movement, we can have the real change in our mining business. Buying and taking a massive physical delivery of Silver has started The Game of Musical Chairs in the Gold market as well. There's is only paper in "paper silver and gold".

MMT Age Chronicles: Elon Musk And Bitcoin Have Found Each Other - "China's Gold Consumption During The Spring Festival Grew 80% From Last Year". (23)

COMEX was already under enormous pressure this summer with Gold hitting a $2,078 all-time high intraday in August. Bitcoin has taken many young "monetary freedom fighters" away from the Gold market. As someone put it on CNBC: "If there was no Bitcoin, Gold would be trading at $3,000 already". We are just one "Solar Wind" or "Texas Blackout" event away from this kind of valuation catalyst for Gold on top of all other fundamentals. We like what we see and we are buying more of it now. I have participated in another financing for TNR Gold and other investors joined me.

MMT Age Chronicles: Elon Musk And Bitcoin Have Found Each Other - "China's Gold Consumption During The Spring Festival Grew 80% From Last Year". (24)

Nicholas Winton @HedgehogTrader

"Elon Musk and Eric Sprott amplified by Reddit and Twitter in fighting the cancel culture and going against short-sellers can change the world literally.Gold at $5,000 and Silver at $50 will give a generational life-changing opportunity to the best junior mining companies.The real fortunes will be made. The new secure supply lines for Energy rEVolution will be built. The future is already here, not everybody can see it yet, but megatrends are manifesting themselves. Learn, donate your retweet and share. Do your own research, joinThe Switch and rEVolution. Buckle up and stay safe."

MMT Age Chronicles: Elon Musk And Bitcoin Have Found Each Other - "China's Gold Consumption During The Spring Festival Grew 80% From Last Year". (25)

TNR Shotgun Gold Project In "The Alaskan Elephant Country". Dr Tim Baker: "Major Porphyry Gold Deposits".

MMT Age Chronicles: Elon Musk And Bitcoin Have Found Each Other - "China's Gold Consumption During The Spring Festival Grew 80% From Last Year". (26)

We extend our congratulations to TNR Gold shareholder NovaGold and their Donlin Gold JV partner Barrick Gold. JV partners of Donlin Gold have announced solid results from the largest drilling campaign since 2008 on the project. On the back of this news, it is time for us to discuss our own relationship with developing Donlin Gold Mining Camp and my own personal vision of how the Donlin Gold project can potentially grow into a 50 million-plus oz Au resource project and become a major Gold Mining Camp in the world based on the U.S. soil.

MMT Age Chronicles: Elon Musk And Bitcoin Have Found Each Other - "China's Gold Consumption During The Spring Festival Grew 80% From Last Year". (27)

Dr Tim Baker

How is this relevant, what is the relationship between Donlin and Shotgun Gold? My belief isTNR's Shotgun Gold Project can potentially grow and become a foremost, immediate satellite site Gold deposit to Donlin Gold's Mining Camp infrastructure.This vision is based on our exploration work and academic studies like the ones from Dr Tim Baker in which Shotgun Gold Project is not only listed alongside Donlin Creek as one of the "Major Porphyry Gold Deposits" but is also projected to contain the similar porphyry intrusion-related type system as Donlin.

MMT Age Chronicles: Elon Musk And Bitcoin Have Found Each Other - "China's Gold Consumption During The Spring Festival Grew 80% From Last Year". (28)

MMT Age Chronicles: Elon Musk And Bitcoin Have Found Each Other - "China's Gold Consumption During The Spring Festival Grew 80% From Last Year". (2024)

FAQs

What crypto is Elon Musk buying? ›

If You Own Elon Musk's Favorite Crypto, Dogecoin, What Will It Be Worth in 5 Years?

What is the name of Elon Musk's token? ›

Elon Musk ($MUSK) is a meme coin that debuted on April 27, 2023. This digital asset is a tribute to Elon Musk, a well-known figure often associated with memes. The $MUSK token operates on a decentralized platform, embodying the core principles of blockchain technology.

Who owns the most Bitcoin? ›

So, who are the top holders of BTC? According to the Bitcoin research and analysis firm River Intelligence, Satoshi Nakamoto, the anonymous creator behind Bitcoin, is listed as the top BTC holder as of 2024. The company notes that Satoshi Nakamoto holds about 1.1m BTC tokens in about 22,000 different addresses.

How much is $1,000 in Dogecoin 5 years ago? ›

Dogecoin: $1,000 Invested In DOGE 5 Years Ago is Now Worth…

If you had held on to the coin through all its ups and downs until today, you'd be in profits now, but not with life-changing gains. A $1,000 investment in 2018 in Dogecoin would be worth $9,422 today, while DOGE is trading at $0.06.

Which coin is best to buy now? ›

Best Crypto To Buy Now
  1. Bitcoin (BTC) Market cap: $1.3 trillion. ...
  2. Ethereum (ETH) Market cap: $421.0 billion. ...
  3. Tether (USDT) Market cap: $114.3 billion. ...
  4. Binance Coin (BNB) Market cap: $85.3 billion. ...
  5. Solana (SOL) Market cap: $81.2 billion. ...
  6. U.S. Dollar Coin (USDC) Market cap: $34.1 billion. ...
  7. XRP (XRP) ...
  8. Dogecoin (DOGE)

What is Elon's coin? ›

Dogelon Mars (ELON) is a dog-themed meme coin that operates on the Ethereum and Polygon blockchains. It draws inspiration from other successful dog coins such as Dogecoin, Shiba Inu, and Floki Inu.

How do I get Musk tokens? ›

Where & How to Buy Musk (MUSK) Guide
  1. Download a Trust Wallet Wallet. ...
  2. Set up your Trust Wallet. ...
  3. Buy ETH as Your Base Currency. ...
  4. Send ETH From Binance to Your Crypto Wallet. ...
  5. Choose a Decentralized Exchange (DEX) ...
  6. Connect Your Wallet. ...
  7. Trade Your ETH With the Coin You Want to Get. ...
  8. If Musk Doesn't Appear, Find its Smart Contract.

Can DOGE reach $1? ›

There is a clear path for Dogecoin to rise sixfold to get to $1 per coin. All it has to do is make progress toward greater adoption in the way Bitcoin has. That might give Dogecoin bulls reason to be optimistic, but we have to try and assess the probability of this actually happening.

Is Elon Musk accepting Dogecoin? ›

It's pretty cool." Unbeknown to Musk, the Tweet started a memecoin movement that brought in tens of billions of dollars and made a handful of billionaires out of thin air. Over five years later, Musk's support for DOGE has continued, with Tesla recently enabling DOGE payments on merchandise.

What crypto to invest in in 2024? ›

Top 10 Cryptos in 2024
CoinMarket CapitalizationCurrent Price
Bitcoin (BTC)$1.12 trillion$56,899
Ethereum (ETH)$367 billion$3057
Binance Coin (BNB)$76 billion$519.05
Solana (SOL)$62 billion$134
6 more rows

What crypto does BlackRock own? ›

The asset manager is the largest public holder of bitcoin by virtue of its iShares Bitcoin Trust exchange-traded fund, which now holds more than 300,000 BTC.

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