Bitcoin Is a Hallucinogenic That May Destroy Idea of Money: Jim Rickards' Pre-Debate Breakdown

Muhammad Ali vs. Joe Frazier was billed as the "Fight of the Century”— and now best-selling author Jim Rickards says the debate on gold versus bitcoin featuring Frank Giustra and Michael Saylor will be a battle of the ages. Gold has been sound money and a reliable store of value for 3,000 years; this will be strongest point for the yellow metal, says the financial guru. "The problem is the horse was the chosen mode of transportation for thousands of years and we don't ride horses anymore," he adds as a counterpunch for Bitcoin. Calling the crypto “bubblecious,” Rickards explains how there is no use case for Bitcoin except for the fact that the price goes up. "Frank has history on his side and Michael will have price action on his side," Rickards notes.

The debate is taking place April 21, sign up for free to view the premiere: https://danielacambone.com/

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