Post
Topic
Board Economics
Re: Better Money: Gold, Fiat, Or Bitcoin?
by
bitLeap
on 07/06/2024, 14:49:41 UTC
Listen what this Austrian Economics / Mises Institute author of a book titled Better Money: Gold, Fiat, Or Bitcoin? says here:

https://youtu.be/g7vI957pg7U&t=2597

Quote from: author of «Better Money: Gold, Fiat, Or Bitcoin?»
I don't see any reason to think that the price of Bitcoin is going to be predictably higher in the future.
🤦‍♂️

Gold, Fiat and Bitcoin for me are three important sources of creating value. Even though the principles are always contradictory, gold and Bitcoin are measured by the value of fiat itself. This has become a common benchmark and ultimately the profits from gold and bitcoin create double the value compared to fiat. So I selected them all in the order gold -> bitcoin -> then fiat.

I may have missed many quotes from this book, but the fiat group will always prioritize fiat, the gold group will always feel superior in maintaining its value, and Bitcoin is a financial revolution that for us Bitcoin is the only one that can perfect the value system for gold and fiat.