21/02/2021
the future of money is gold and not cryptocurrencies!
the successor money to failing fiat is gold, not cryptocurrencies.
Cryptos can only act as stores of value so long as fiat exists.
some complementing reasons i can think of are:
people who invest in bitcoin are speculators.
putting money in bitcoin is popular but just hype, a trend, and a gamble.
the real McCoy is gold cos’ of its rich history from ancient times.
creators of bitcoin devise a get very rich scheme for themselves.
*the article was published in coincidence with a dip in gold prices for the past week but the ground that the value of gold holds surpasses the motivation behind it.*
The future of money is gold
Gold exchange standards, which are comprised of gold-backed money administered by the state, worked extremely well when properly implemented, and it is the siren songs of inflationism that are at the root of the current crisis. If the transition from worthless fiat back to gold standards is handled …