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73 sats \ 0 replies \ @nullama 20 May 2022 \ on: Fast Facts on Gold bitcoin
Norway, a rich country, doesn't have gold reserves.
They only kept a few historical coins, and decided to sell everything else because:
The return on gold has historically been low.
Here you can see the world production of gold. It's clearly not scarce at all.
And Aker, a big company in Norway, created Seetee, a company focused 100% in Bitcoin. Here's the Shareholder's letter from the CEO of Seetee, it's a great read, it describes how he personally discovered Bitcoin and how he's trying to learn as much as possible and move towards the future with Bitcoin.
Today we announced that Aker has established Seetee, a new com- pany that will invest in exciting projects and companies throughout the Bitcoin ecosystem while keeping all of its liquid investable assets in bit- coin. The new company has a capitalisation of NOK 500 million, an amount we aim to increase significantly over time as we gain experience and identify exciting opportunities
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