Bitcoin and Gold Versus Common Enemy

Could Bitcoin be the next gold?

I don’t think so, nor is it even trying…

The only common denominator for gold and Bitcoin is that they share the same enemy.

And as the old saying goes, the enemy of my enemy is my friend.

Bitcoin is a decentralized currency, a competitor of all centrally controlled fiat currencies, like the U.S. dollar.

Gold is money. It’s the final destination, a tangible, physical asset whose real value is that it is money. 

This is something central planners have desperately tried to get people to forget.

Bitcoin is still in the Wild West compared to boring old gold that you place in a vault or safe hiding spot, never to be used unless it’s a real emergency.

The blockchain itself is a digital revolution. 

Stocks, bonds, mortgages, deeds, patent applications, and the currency market will all soon be identified through the blockchain.

Behemoths like Microsoft, IBM, Goldman Sachs, JP Morgan, and Cisco are all moving in this direction.

You have to separate the two; not gold and Bitcoin, but Bitcoin and the blockchain.

For the cryptocurrencies, Bitcoin is truly decentralized, and as our friend Andy Hoffman pointed out, this ban from China on new ICOs (initial coin offerings) is bullish for Bitcoin.

Not only are Chinese regulators banning future Bitcoin competitors, but it once again spotlights the value of a decentralized Bitcoin.

Not China or any other government can come shut “Bitcoin Inc.” down because 

there is no Bitcoin Inc. 

It’s an open-source code on the Internet that is supported by more computing power than all of the top defense agencies on Earth.

In our opinion, Bitcoin vs. gold is like comparing your smartphone and speaking in person.

As the Bitcoin market cap overtakes the gold ETF value, a lot of comparisons will be made, but the truth is that they are both very different in their use and very much alike in who their enemy is.

We are very bullish on both Bitcoin and gold, especially over the next 5 to 10 years, 

as we see a massive sovereign debt crisis 

unfolding both here and abroad.

We like gold because it’s the ultimate hedge and form of money one can own.

We like Bitcoin because it allows global transactions outside of the current fiat monetary system.

This article was made possible by Nick Johnson of AdsCash.