2026-01-17 16:27:20

An interesting historical comparison. In 1965, Canada held $1.15 billion in gold reserves, which would be worth about $149 billion today — a huge fortune that was later fully sold off. Until now, Canada has become the only G7 country without gold reserves.

What's even more ironic? After missing out on traditional precious metals, they remain passive towards digital assets. They haven't stockpiled gold nor bottomed out on Bitcoin-like "digital gold." And since Bitcoin's inception, its price has increased by millions of times. This case is quite enlightening — the opportunity cost of asset allocation can sometimes be more frightening than losses. Whether to allocate to crypto assets, the choices of different countries and institutions are becoming increasingly diverse.

BTC-5,19%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

24 Likes

Reward
24
9
Repost
Share

Comment

0/400

ConsensusDissenter

· 01-20 15:52

Canada is truly amazing, no gold and no Bitcoin bought, a double kill player.

View OriginalReply0

DefiOldTrickster

· 01-20 06:56

Haha, Canada's move this time is really amazing. Missing out on two 100x opportunities in a row—how capable do you have to be?

View OriginalReply0

DEXRobinHood

· 01-19 20:52

Canada's move this time is truly brilliant; $149 billion is gone just like that, and they still haven't learned Missing out on Bitcoin is one thing, but now not even holding it, this pace is probably self-punishment The choices of institutions and countries are becoming increasingly divergent; some go all-in, others wait and see. Who profits and who loses will be clear in the end This case is so uplifting; every time I see it, I want to laugh Missing out on gold and then missing out on Bitcoin—this really is a chosen nation Willing to short their own future rather than take risks, this mindset is unparalleled Sometimes, inaction is the biggest loss; Canada proves this with facts Watching Bitcoin's millionfold increase, and then looking at countries holding zero, this is what you call cause and effect In great power games, not allocating is the biggest mistake in allocation To put it simply, missing out once and still wanting to miss out again—after all, it’s not a big deal either

View OriginalReply0

MetaverseHobo

· 01-17 16:57

Canada's move this time is truly incredible. $149 billion just disappeared like that, and they still haven't learned. Really, missing out on the gold is one thing, but even Bitcoin remains calm and unperturbed. The overall situation is somewhat absurd. While institutions are competing fiercely, some countries are still sleeping, and there's no joy in that. Wait, is this hinting that we should hold a heavy position? That's interesting. Canada: I just won't play, let's see who gets anxious. History really does repeat itself, just with different participants.

View OriginalReply0

EthSandwichHero

· 01-17 16:55

Canada's move is really incredible. No gold, no Bitcoin, and missing both great opportunities—it's a bit outrageous. --- The term "opportunity cost" is well said; it's more painful than losing money. It doesn't matter anyway, as the strategies of different countries have already diverged. --- $149 billion, just like that, a handshake agreement. Looking at Canada's decision now, it was truly a historic failure. --- Not optimistic about gold and missing out on the crypto world. What's Canada's asset allocation strategy thinking? --- Honestly, this comparison is a direct slap to those arguments of "not allocating crypto assets." Data will speak for itself. --- Wait, is Canada the only G7 country without gold? Isn't that a reverse operation? --- A million-fold increase, and some institutions are still on the sidelines. It's time for reflection.

View OriginalReply0

SandwichTrader

· 01-17 16:55

Canada's move this time is truly brilliant; $149 billion is gone just like that. Now they haven't even bottomed out on Bitcoin, they really deserve it. The most expensive thing in life isn't losing money, but missing out—that's the real pain. Now it's other countries' turn to laugh at Canada. Just wait and see. Another textbook-level negative example; regulators need to take a look. They don't dare to want gold or Bitcoin. What is Canada thinking... If I were the Bank of Canada, I would be ashamed to death. Missing out twice, this luck is really incredible. Speaking of which, most countries are making the same mistakes; Canada is just the most obvious one. In the game between mainstream finance and new assets, there are still many countries losing their bets.

View OriginalReply0

WhaleWatcher

· 01-17 16:47

Canada's move is really incredible. Losing gold is one thing, but not even playing with BTC... Opportunity cost is the biggest killer. --- Not holding gold nor touching digital gold—did you get any of these multiple-choice questions right? --- So, missing out once isn't enough; you have to miss twice in a row to be truly complete. --- All $149 billion worth of gold was sold off, and now they missed Bitcoin again... This tactic is a textbook-level "pitfall avoidance." --- The most unfortunate in the G7 is this one, haha. --- What does this story tell us? For some decisions, the cost isn't losing money; it's never catching that train. --- Gold + BTC double failure—Canada's move is seriously problematic. --- Thinking about it just makes me uncomfortable... I missed the wealth I was supposed to have twice. --- Asset allocation really is a game of probability. Bet right and you're in heaven; bet wrong and you're out... That's it. --- Not hiding gold nor touching coins—this way of thinking, I really can't understand.

View OriginalReply0

SatoshiChallenger

· 01-17 16:46

It's indeed ironic, but I'm more curious—did Canada really "miss out"? Or is it that we simply can't understand their decision-making logic? Data shows that when they sold off gold in 1965, the decision-makers at the time certainly had their reasons. Similarly, not holding Bitcoin now might not be because they're foolish, but due to differences in risk assessment. We only see the results of a million-fold increase, but we don't see the several bubble bursts they avoided. Opportunity cost is terrifying, but bankruptcy is too.

View OriginalReply0

GhostAddressHunter

· 01-17 16:27

Canada's move this time is brilliant. Missed the golden opportunity and missed Bitcoin again. What's this called? Double kill.

View OriginalReply0