Bitcoin is often described as “digital gold.” That’s for good reason – the assets have a lot in common. As Adam Sharp wrote last year…
Both have the rare qualities that make a good speculative “store of value” asset.
Both are used as hedges against reckless monetary policy. They are assets that will likely rise in value if the old system becomes overloaded with debt (U.S. debt is at $21 trillion and counting) and is forced to “monetize” (print away) the debt…
Importantly, both assets can also be held by individuals. Stocks and bonds typically require a broker or bank to hold custody. …read more
