Bitcoin News
By Maheen Hernandez
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Michael Saylor, MicroStrategy CEO, in his opening statements in the interview about Gold Vs. Bitcoin stated, Gold used to be the best solution.
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He also stated that Bitcoin can, and will deliver the virtues of strong money that gold idealists have long hoped for.
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Frank Giustra, Gold financier made it very clear that he does not think that Bitcoin is a safe haven asset yet.
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He also stated that he would like to point out the risks that exit, but were never addressed.
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The exhaustive interview runs for a little short of 2 hours. Those who are interested to view the full argument might want to check the YouTube video on it.
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Michael reinstated on how Gold is not a good monetary asset and stated that it is possible to inflate and confiscate gold.
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Onlookers to the interview had their own views: Don't diversify out of bitcoin to a weaker asset! Keep your bitcoin and use it to buy big ticket items directly in the future!
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Some of them felt that Bitcoin is ultimately becoming a reserve currency for banks, playing much the same role as gold did in the early days of banking.
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Worth watching the two intelligent men in business talk out. However, overall, Michael’s class and his ability to contain himself and stick to the point blew several prospective…
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