JPOW announced that the US is dealing with 7.5% inflation, and suddenly people panic sell their Bitcoin...

Why on earth would you sell an asset that is literally the best hedge against inflation? Now I know people will say, "Gold is tangible". Okay, how the fuck is gold tangible? When you buy gold, do you get a delivery of gold coins?

No, you don't!

When you invest in gold, is no different then buying any stock. If the world descends into war or ends up a nuclear wasteland, your gold stock will be worth shit. Now, you can buy gold, but but then you need to make sure the gold is legit and now you have to protect your gold. If you put the gold in the bank, then the a tyrant like Trudeau decides to freeze your account, now its gone. Now, if you want to sell that gold, good luck getting what its worth for it. People will not give you its value, they will low ball you. When you own Gold stock, you sell it for its current value, if you try to bring your gold to a "We buy gold" dealer, you will get what you will accept for it.

Now, let's say that your country is at war and you need to flee. Good luck getting your 20 pounds of gold out of the country. Now, if you had bitcoin, I am certain you could get your 256 bit private key out. You could literally write an app that converts your private key into a sentence, then email yourself the sentence and use the app to recover you bitcoin. Or a million other ways.

Bitcoin is superior, in every way to gold. Don't let the naysayers take away this opportunity from you.

I am not a financial advisor, and this is not financial advice. Invest at your own risk.