Leading crypto asset management firm Grayscale Investments has recently launched a campaign attempting to dissuade investors from gold whilst demonstrating the advantages of digital assets such as Bitcoin. The latest effort depicts Richard Nixon with words to the effect that gold wasn’t good enough for Nixon, so it isn’t a good investment today.
The problem is that much of the argument for fixed-supply digital assets that are based on immutable distributed ledgers, such as Bitcoin, is that they may one day usher in a future economic system built on a sound form of money. For those of an Austrian economic persuasion, as many Bitcoiners are, gold is a far better form of money than what Nixon rejected it for – fiat.
Attack Something Else About Gold, Grayscale!
Grayscale Investments recently made the news when it revealed that it would be targeting gold investors as part of a push to see a greater embrace of Bitcoin as a hedge against traditional investments. The crypto investment firm…
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