Balaji: Physical gold is not the best hedge against the dollar crisis; Bitcoin has greater censorship resistance.

GateUser-6433627c · 2026-01-30T11:34:35+00:00

Balaji Srinivasan pointed out that the fiat currency crisis has already emerged, believing that digital assets like Bitcoin are superior to gold, which is easily seized by governments. He emphasized that the increase in gold reserves among BRICS countries indicates a shift towards tangible assets and suggested that in the event of a sovereign debt crisis, North American and Western European populations should consider Bitcoin as a safe haven.

GateUser-6433627c

2026-01-30 11:34:35

Abstract generation in progress

On January 30, former CEX Chief Technology Officer and angel investor Balaji Srinivasan posted an article stating that signs of a fiat currency crisis have begun to emerge, and physical gold is easily seized by governments (such as Roosevelt’s order in 1933), while digital gold like Bitcoin has a greater advantage in resisting seizure due to its invisibility and programmability. In the article, Balaji noted that gold reserves in BRICS countries have surged since the 2008 financial crisis, indicating an Eastern shift toward tangible assets, but the internet will replace dollar-dominated Keynesianism with digital assets. Balaji summarized that for people in North America and Western Europe, which are experiencing sovereign debt crises, gold may not be the best safe-haven asset, and Bitcoin is a risk-hedging option worth considering.

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