Fake Gold | HODL Prep Mode | Crypto Bailouts - BBP97

What this episode covers

Join Brett and Happy Shillmore (what do you think of the name change btw?) as they discuss the recent discovery of 93 tons of fake gold found in the gold markets. Fake gold is nothing new, but it made for a good discussion in how bitcoin and gold have their own pros and cons when being used as collateral. HODLers appear to be in 'full blown prep mode' according to data from Glassnode that shows 61% of btc hasn't moved in a year. The last time this amount of btc was 'hodled' was prior to the 2017 bull run. There may be an argument that hodlers are accumulating and hodling in preparation for the next move. The 'crypto industry' also benefitted from government loans from the recent stimulus bills. All of this and more. https://www.zerohedge.com/markets/83-tons-fake-gold-bars-gold-market-rocked-massive-china-counterfeiting-scandal https://twitter.com/saifedean/status/1277991860691185665 https://twitter.com/glassnode/status/1277235618918129666?s=20 https://twitter.com/glassnode/status/1280566126443925506?s=20 https://twitter.com/coindesk/status/1280208034422296578?s=21

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How long is this episode of Beef and Bitcoin?

This episode is 33 minutes long.

When was this Beef and Bitcoin episode published?

This episode was published on July 11, 2020.

What is this episode about?

Join Brett and Happy Shillmore (what do you think of the name change btw?) as they discuss the recent discovery of 93 tons of fake gold found in the gold markets. Fake gold is nothing new, but it made for a good discussion in how bitcoin and gold...

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