For years I’ve argued with Wall Street economists, academics, and financial professionals that a monetary system based on gold is superior to one based on fiat. But never have I heard more preposterous arguments against gold than the ones I’m hearing now from Bitcoin advocates.

For years I’ve argued with Wall Street economists, academics, and financial professionals that a monetary system based on gold is superior to one based on fiat. But never have I heard more preposterous arguments against #gold than the ones I’m hearing now from #Bitcoin advocates.

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Bitcoin (BTC) $ 27,725.43 0.37%
Ethereum (ETH) $ 1,902.23 0.36%
Litecoin (LTC) $ 91.64 0.50%
Bitcoin Cash (BCH) $ 114.68 1.65%