Behind the surge in Bitcoin and gold: Who will win
Original: john316999 2024.04.08
Today I share 2 articles discussing Bitcoin and gold. The first article is about Bitcoin and gold competing for the throne of the world's first currency. The author believes that after the collapse of the existing legal currency system in the future world, who will take over the position of world currency between Bitcoin and gold? This is a big topic worth discussing. Among the two, there is an unavoidable question that Bitcoin has superior basic characteristics, making it a better tool for transmitting value across time and space. In the end, Bitcoin will win. And the advantages of gold over Bitcoin are either insignificant or disappearing.
The author believes that this idea may take decades to realize. But the author predicts that the collapse of the legal currency system may occur in 2030.
The second article is an early article written by Benjamin Anderson, an economist of Chase Manhattan Bank of the Mises Institute, about some subjective New Deal policies implemented by Roosevelt after he came to power in 1933, which caused the price of gold to surge by 2,500% afterwards.
