Let’s rewind to the video of the appearance of the former PayPal President on CNBC’s Squawk Box eight months ago being re-posted all weekend by crypto fanatics after gold’s dramatic op-ex decline on Friday.
Former PayPal President: Sell Gold Reserves to Buy #Bitcoin
— Trending Bitcoin (@BitcoinNews21M) October 19, 2025
"We're the number 1 holder of gold. If you think of Bitcoin as a better version of gold, why not rebalance a portion of that reserve to Bitcoin. There's a lot more growth in Bitcoin in the coming decades." pic.twitter.com/PHncIOsHU2
So why did they post this so much, over, and over, and over again?
Oh my God, the quarterback is toast.
Or is he? Perhaps this QB is Baker Mayfield and stages a comeback:
Tonight as this writer types this, I can only hope he can stage a comeback against Detroit. However Gold did so and that gives me hope for that shiny relic.
Good luck crypto folks, gold is the universal currency that central banks around the world will always accept as the risk of a corrupt government like say, North Korea or the United States, might seize those digital assets for its own nefarious purpose.