India moving gold back from U.K.’s central bank
One of Bitcoin’s “key selling points” is that it is easy to transact or transport if one uses a cold wallet and is much easier to store than physical gold.
The financial expert and Bitcoin maximalist shared a recently released article stating that the central bank of India has already transferred 100 tons of gold from the U.K. back to its own vaults. Within the coming month, it plans to transport even more gold.
“Not holding Bitcoin is irresponsible”: Gurbacs
Earlier this week, Gabor Gurbacs published a tweet, in which he suggested Bitcoin as an alternative to the U.S. dollar for countries that are facing the depreciation of their national fiat currencies.
Gurbacs stated that not holding Bitcoin is irresponsible now for nation-states, as if offering them to follow the example of El Salvador, which adopted BTC as a national currency three years ago. Argentina now hopes to learn from El Salvador’s experience and perhaps also follow suit.
El Salvador is currently attracting wealthy individuals by offering them citizenship in exchange for $1 million worth of Bitcoin or Tether’s USDT. All altcoins are prohibited in this country. Max Keiser, a vocal BTC maximalist, has moved there and now works as the Bitcoin advisor to president Nayib Bukele.
