Podcasts: Bitcoin vs Gold #2 with Peter Schiff & Greg Foss 🔗 3 years ago

“I still view Bitcoin as being the best asymmetric return opportunity I’ve seen in 32 years of managing risk. That doesn’t mean I don’t own gold.”
— Greg Foss

Location: Remotely
Date: Friday 3rd September
Company: Euro Pacific Asset Management & Validus Power Corp
Role: CEO and Chief Global Strategist & Bitcoin Strategist

Gold has been used as money for thousands of years, but once the US severed all remaining ties with the Gold Standard in 1971 and moved to our current fiat system, gold's use case shifted. Gold has become a safe haven, store of value, and insurance against what many gold bugs consider a broken fiat monetary system.

Bitcoin is considered by many to be digital gold but is only 12 years old. Still, in that time, it has grown into a near trillion-dollar asset and is also a store of value but is decentralised and censorship-resistant. Many bitcoiners believe it is just a matter of time until bitcoin replaces gold as the world's primary store of value.

Gold and bitcoin have some obvious similarities. They are both scarce assets and stores of value that offer an opt-out of government-issued fiat currencies.

Likewise, gold bugs and bitcoiners share a similar mindset in their belief that the current fiat system is broken and we need a sound money alternative.

For some, though, it isn't gold and bitcoin; it's gold vs bitcoin. Peter Schiff is firmly in this camp, and since 2012, he has regularly derided bitcoin, claiming that it has no intrinsic value and is eventually heading to zero.

In this interview, I host a debate between gold bug Peter Schiff and Bitcoin Strategist Greg Foss. We discuss the value of bitcoin & gold, risk management & portfolio allocations and how bitcoin is helping oppressed people around the world.

This episode’s sponsors:
Gemini - Buy Bitcoin instantly
BlockFi - The future of Bitcoin financial services
Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
Casa - The leading provider of Bitcoin multisig key security.
Exodus- The world's leading Desktop, Mobile and Hardware crypto wallets.
Ledger- State of the art Bitcoin hardware wallet
Compass Mining - Bitcoin mining & hosting

-----

WBD394 - Show Notes

-----

If you enjoy The What Bitcoin Did Podcast you can help support the show by doing the following:

Become a Patronand get access to shows early or help contribute

Make a tip:
Bitcoin: 3FiC6w7eb3dkcaNHMAnj39ANTAkv8Ufi2S
QR Codes: Bitcoin
If you do send a tip then please email me so that I can say thank you

Subscribe on iTunes | Spotify | Stitcher | SoundCloud | YouTube | Deezer| TuneIn | RSS Feed

Leave a review on iTunes

Share the show and episodes with your friends and family

Subscribe to the newsletter on my website

Follow me on Twitter Personal | Twitter Podcast | Instagram | Medium|YouTube

If you are interested in sponsoring the show, you can read more about that here or please feel free to drop me an email to discuss options.