One could make similar
arguments about gold coins or diamonds having a special allure for criminals trying to move their money out of the law's reach.
Admittedly, one could make the same
argument about gold, but gold has been widely accepted by humankind as a thing of value for more than two - and - a-half thousand years — compared to less than a decade for bitcoin.
Admittedly, one could make the same
argument about gold, but gold has been widely accepted by humankind as a thing of value for more than two - and - a-half thousand years — compared to less than a decade for bitcoin.»
Not exact matches
Analysts who retain sympathy for the
gold standard, like self - confessed «
gold bug» John Mauldin, have always understood that the main
argument in favor of
gold is that it imposes an unbreakable trade and capital flow discipline — indeed that is also the main
argument against
gold — but many of them have tended to de-emphasize reserve currency economics mainly, I think, because this particular problem is to them subsumed under their more general concerns
about money.
When I last wrote
about gold, I discussed the
argument for
gold as a potential hedge against volatility.
An
argument can be made that Bitcoin will eventually catch
gold at
about $ 250,000 - $ 500,000 per coin.