SOMEONE'S HISTORY TEACHES, BUT NOT THE MAJORITY: GOLD AT THE LEVEL OF THE GREAT DEPRESSION — A SIGNAL FOR CRYPTO?
Renowned American investor, founder, CEO, and Chief Investment Officer of 'Ark Invest' Cathie Wood aptly reminded that gold was so expensive only once
once in history. By the way, back in 2020, it was recognized by 'Bloomberg' as the best 'stock picker'.
And now Cathy Wood competently stated that the ratio of gold to the money supply (M2) is now approaching the levels of the Great Depression of the 1930s in the USA, claiming that the indicator was only higher.
during the economic collapse of 1930-1933.
A similar situation was observed during the peak inflation of 1979–1980.
So, friends, here is such a historical puzzle:
- 1930 → gold = protection against bank failures;
- 1980 → gold = protection against inflation;
- 2026 → Bitcoin = protection against currency devaluation + digital ownership.
Well, such logic of capital transition presents itself: Metal → Digital gold → Tokenized assets → On-chain economy. Accordingly, blockchain = transparency + limited emission + global liquidity 24/7.
In conclusion, Cathy Wood summarized: “I would sell gold and buy bitcoins.”