Bitcoin vs. Gold: The Debate Continues

By Douglas French – Mises Institute

“People who are getting out of the dollar or the euro and buying Bitcoin have jumped out of the frying pan into the fire,” Schiff said. “I mean, so you don’t have to reinvent the wheel if you want to get out of Fiat currencies, you can own gold, but you could also own other good inflation hedge assets, real assets.”

Making his case for Bitcoin, Pal said, “We’ve memed a trillion dollar currency into existence. We’ve memed it. It’s just human narrative. But guess what? So’s gold. So is everything that we do, including religion. Everything is a meme. So memetics rule the entire way that humans understand the world around them.”