Friday, December 4, 2020

Why gold will triumph over crypto in the long run

 

There's certainly been plenty of easy money made on speculating in Bitcoin and the like. And plenty of money lost, too.

Yet as Bitcoin had its recent run towards 20k, there were numerous pontificators speculating that cryptos were displacing gold as a "storehouse of value."

Not a chance.

When the shit hits the fan, and as long we have a clique in Washington convulsed with the delusion that America must rule the world, it inevitably will, the world wide web will be history about fifteen minutes into the first day.

What's your Bitcoin worth then?

Gold, on the other hand, will keep doing what it's done for thousands of years; serve as a storehouse of value. When electrical grids are down and the internet is gone, gold will rule again.



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