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 approaches 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.
The fiat currencies are all circling the drain, and both gold and Bitcoin will dramatically increase in real value during this time.
President, FutureMoneyTrends.comEditor’s Note: I’ve waited 5 years for this moment…
It’s a turnkey investment opportunity in Bitcoin… It’s coming, with trading to commence any day now, and you’ll know right away that it’s the only one worth owning.
After having personally lost over $50,000 in Bitcoin through theft, I have been waiting for over 5 years for an opportunity like this.
I want to invest in the blockchain, Bitcoin, Ethereum, and others, but with the ease of simply owning a pure blockchain company via the public markets.
Billionaires, fund managers, and Bitcoin’s early adopters have all come together to create what I see as the ultimate vehicle to own cryptocurrency.
Be patient; I’ll reveal all the details to you this month!