This is the second part of my look at the age old “Gold vs Bitcoin” debate, which I outlined in Part 1: “Gold vs Bitcoin is Fscking Stupid” as being faith-based and pointless.
While it is thoroughly enjoyable to watch it play out between the symbolic archetypes of near-boomer Peter Schiff and his millennial son, Spencer, I sometimes suspect that to be a staged, WWE style confrontation….
Future tweet: “Now that Bitcoin has hit $500,000 I must admit that a move up to $1,000,000 can’t be ruled out. However...”
— Spencer Schiff (@SpencerKSchiff) February 16, 2021
However I bring up the elder Schiff for a reason, because part of his core thesis is that after the coming global monetary reset, the world will move back to a gold backed currency.