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Gold Is Viable Bitcoin Competition
A Fundamental Case For 17k Bitcoin and 18k Gold
Why is it that so many avant-garde Bitcoin Techies are so opposed to gold and Old School Gold Bugs so opposed to bitcoin?
My view is that such judgments are usually tainted by self-interest leading to political implications and consequences. The classic example is from two analysts who I deeply respect, Michael Saylor and Peter Schiff.
These are two sound money advocates, yet it seems an almost impossible task for otherwise sensible bitcoin analysts to see gold as viable competition for bitcoin or for gold advocates to see bitcoin as viable competition for gold.
Bitcoin Techies tend to see gold from the Keynesian view as “a barbaric relic” while Gold Bugs seem to be unable to grasp the concept of the value imputed to bitcoin.
But is the debate an either-or proposition? I don’t think so. An even cursory look at scholarly material available does not allow for it.
