Opposing Views: Pomp & Mike Green on Bitcoin
Real Vision: Finance & Investing
00:00
Is Bit Coin the Superior Asset for Preserving Wealth?
I'm not saying that gold is a currency, nor have, nor would i ever suggest that gold was actually a currency. The currencies that circulated with gold are their backing they trade id at a nominal value in excess of their gold content. So youre allusion to five thousand years worth of history here is simply false and, as you like to say, misinformed. For young people who want jobs, who want to actually participate in an economy, bit coin is a terrible product. It is setting in place the guarantee that those who currently hold that bit coin need do nothing economic in order to gain increased purchasing power relative to those who participate.
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