Central Banks hold Gold because they know there is a serious risk of hyper inflation

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The central banks know that there is a risk that paper money is becoming worthless because there was simply too much money printed as cheap credit the last decade.

I think it makes sense to hold some real gold just in case we get really doomed. Whoever has the gold has the power to set the rules.

Bitcoin has become a kind of an alternative to gold - I would call it a digital gold. Bitcoin could become tremendously valuable. There was never a recession so far with a digital currency like Bitcoin. We will see how a digital currency like bitcoin works in a hyper inflationary environment and a recession.

See: https://www.youtube.com/watch?v=R5AC0Wjrvms&t=2001s

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