CoinWorld News reports that on January 30, former Coinbase Chief Technology Officer and angel investor Balaji Srinivasan posted today that signs of a fiat currency crisis have begun to emerge, and physical gold is easily seized by governments (such as Roosevelt's Executive Order 1933), while digital gold like Bitcoin has a stronger advantage against seizure due to its invisibility and programmability. In the article, Balaji states that gold reserves in BRICS countries have sharply increased since the 2008 financial crisis, indicating an eastward shift towards tangible assets, but the internet will replace dollar-dominated Keynesianism with digital assets. Balaji concludes that for people in North America and Western Europe, which are experiencing sovereign debt crises, gold may not necessarily be the best safe-haven asset, and Bitcoin is a risk-hedging option worth considering.

BTC0,67%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin