This past week, Daniela Cambone had Dylan LeClair on her show for a fifteen minute segment, and he did his usual great job of talking about Bitcoin's advantages over gold. They talk about the possibility of gold failing, and Dylan mentions that gold has already twice failed when people needed it most: in 1933 when FDR confiscated gold using executive order 6102 and again in 1971 when Nixon closed the gold window. How could we not expect governments to once again manipulate gold in a time of crisis, either through confiscation or forbidding its sale?
Both gold and bitcoin are truly scarce assets, and will hold value in times of inflation. The difference is that gold has a history of failing to preserve wealth at exactly the time it's most needed (during monetary resets). As we seem to be rushing headlong into our next reset, the same logic that supports being a gold bug ought to support trading in some of that gold to own bitcoin.
Check out this clip and hear Dylan break it down,
Special thanks to @DNComply from dncomply.com for putting this together!
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