Tuesday, June 26, 2022

Resolution

Will gold remain an important form of money, or are cryptocurrencies like Bitcoin set to overtake it?

For the affirmative:

Keith Weiner, CEO of Monetary Metals, defended the resolution: “Gold will remain an important form of money in the 21st century.” Weiner took the position that gold is poised to hold onto the monetary status it’s enjoyed for the past five thousand years, and that its recent performance only confirms why.

For the negative:

Pierre Rochard, co-host of the Bitcoin for Advisors podcast, took the negative— arguing that the technological advantages of Bitcoin will make it the preferred medium of exchange in a post-dollar world.