Telling gold bugs about bit-coins is a very difficult thing to do.
People buying silver and gold will keep buying silver and gold. Specially silver at such an amazing price.
Sure maybe your thesis is right- in terms of having bitcoins as a distraction. But seriously man, most people are skeptical of bitcoins to begin with (not to mention how many people have no idea of what they even are).
For someone to invest in Bitcoin at these prices (would even argue- at any price), they would have to have crossed an intellectual threshold that does not come about over night.
If anything I would argue for the opposite of your conspiracy theory: I think the skyrocketing price of bitcoin is leading people more towards precious metals- specially silver.
"We’ve moved beyond the Mises textbook. We’re running in the open market." - Erik Voorhees
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