If you go on social media, you see millions of people saying "we are so early" to Bitcoin/Crypto, but where were these people when NIA suggested Bitcoin in 2016 at $531? They are not early; they are very late and are about to get rug pulled in 17 days.
The truth is, we are so early into gold's rally, because nobody believes it will continue. Everybody believes Bitcoin will be $200,000 by year-end.
Gold hit a new all-time high yesterday despite SPDR Gold Trust (GLD) seeing -$225.5 million in outflows.
When Bitcoin fails to hit $200,000 after the halving, nobody will have any reason to own it, and things will get very ugly for Crypto. Everybody is going to shift to buying the real store of value gold.
They better start printing a lot more Tether (USDT) to get Bitcoin up to $200,000 really quick, because if it doesn't somehow get to $200,000 the entire narrative of these four-year cycles where Bitcoin always goes to much higher new all-time highs, will come to an end and nobody will have any reason to own Bitcoin at all.
Nobody wants to own Bitcoin as a "store of value" when the real "store of value" gold is so cheap and affordable for all.
Augusta Gold (TSX: G) will get revalued into the $5-$10 range very soon.
G has a fully permitted gold project at Reward that can be constructed within nine months of a final construction decision, but the share price needs to increase first to $5-$10 per share because the company doesn't want to dilute at insanely low valuations.
The popularity of Bitcoin has made millions of Americans well educated about the U.S. monetary inflation and fiscal deficit/debt crisis that NIA was among a select few educating others about in 2009.
This idea that Gen Z investors will never buy gold and/or gold mining/exploration stocks simply isn't true. They were only chasing the manipulated past performance of Bitcoin, which is coming to an end in 17 days.
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. NIA's President has purchased 224,200 shares of G in the open market and intends to buy more shares. This message is meant for informational and educational purposes only and does not provide investment advice.