Tag: bitcoin

Guest Post by Nick Giambruno

For thousands of years, gold has always been mankind’s hardest money.

That is all set to change in a few days, and most people have no idea.

“Hardness” does not mean something that is necessarily tangible or physically hard, like metal.

Instead, it means “hard to produce.” By contrast, “easy money” is easy to produce.

The best way to think of hardness is “resistance to debasement,” which helps make it a good store of value—an essential function of money.

Would you want to put your savings into something somebody else can create without effort or cost?

Of course, you wouldn’t.

Continue reading “A Unique Moment in Monetary History Is Days Away… and Most Have No Idea”

Guest Post by Jeffrey Tucker

Those who involved themselves in Bitcoin markets after 2017 encountered a different operation and ideal than those who came before. Today, no one much cares about what came before, speaking of 2010-2016. They are only watching the upward price momentum and are thrilled for the increase in the asset valuation of their portfolio.

Gone is the talk of separating money and state, of a market-based means of exchange, of genuine revolution that would extend from money to the whole of politics the world over. And gone is the talk of changing the operation of money as a means of changing the prospects for freedom itself. The enthusiasts around Bitcoin have different goals in mind.

Continue reading “What Happened to Bitcoin?”

Guest Post by Nick Giambruno

Did you know the Bitcoin price reached parity with the gold price in April 2017 and never looked back?

Today, buying a single Bitcoin takes over 30 ounces of gold.

Put differently, it takes about 0.032 BTC—3,200,000 satoshis—to buy an ounce of gold.

Continue reading “Gold vs. Bitcoin: The Ultimate Competition To Be the World’s Best Money”

Via International Man

International Man: The Bitcoin price is soaring.

It recently exceeded its previous all-time high of around $69,000, which was set in November 2021.

What are your thoughts?

Doug Casey: Right now, the world runs on the dollar standard. Almost all international trade is done with the US dollar. Still, it’s increasingly apparent to everybody worldwide that the US dollar is the unbacked liability of a bankrupt government.

So, the dollar’s on its way out—but what will people go to—another fiat currency with the same problems or even more serious problems?

Who wants to trust another government piece of paper written from even less stable countries than the US? So, in the future, more trade is going to be conducted with something else.

Continue reading “Doug Casey on Bitcoin’s Meteoric Rise and What Happens Next”

Guest Post by Martin Armstrong

“Could governments seize bitcoin?” That is a common question, and much to the dismay of many, my opinion does not match the typical analysis. I have lost clients due to my honesty regarding crypto. I understand many firmly believe that Bitcoin will one day become the alternative to USD, but it is unwise to believe that it is a safe haven to park money. I will not sugar-coat the truth, as feelings must be removed from trading. The answer is an astounding YES – governments can seize Bitcoin and all other cryptocurrencies.

Continue reading “The Truth About Bitcoin and Cryptocurrencies – An Unpopular Analysis”

Guest Post by Nick Giambruno

Bitcoin confuses many people, including prominent investment professionals.

Recently, I debunked the top ten most pervasive misunderstandings.

Today, I’ll continue by debunking another five.

Misconception #11—Bitcoin Is Vulnerable to Nuclear War and Utility Outages

Even if the US and Russia engaged in an all-out nuclear war, destroying most of the Northern Hemisphere, Bitcoin wouldn’t miss a beat in the Southern Hemisphere.

To even have a chance to stop Bitcoin, every government in the world would have to successfully coordinate simultaneously to shut down the entire Internet everywhere and then keep it off.

Continue reading “Five Common Bitcoin Misconceptions Debunked”

Guest Post by Nick Giambruno

Bitcoin has been likened to the platypus… which sounds like an odd comparison.

The platypus is a strange duck-billed mammal with webbed feet and a furry body like a beaver. It has characteristics of birds, mammals, and reptiles. Females lay eggs but also nurse their young with milk. Males produce a potent venom.

When Europeans discovered the platypus in Australia in 1798, they wrote letters to folks at home to describe this bizarre new animal.

People thought the platypus was a joke or a hoax—because it didn’t fit into the classification of animals at that time. But it was a real animal. People just didn’t understand it because it was a new thing that didn’t fit into the established paradigms.

Bitcoin is much the same. It doesn’t fit into the framework of traditional financial analysis metrics.

There is no P/E (price-to-earnings) ratio because Bitcoin has no earnings.

There is no P/B (price-to-book) ratio because Bitcoin has no book value.

Bitcoin has no CEO, no marketing department, and no employees.

Continue reading “The Top 10 Bitcoin Misconceptions Debunked”

Guest Post by Nick Giambruno

French Emperor Napoleon III would use a unique set of aluminum cutlery only for his most honored dinner guests.

Normal guests had to contend with gold utensils.

In the middle of the 19th century, aluminum was more scarce and desirable than even gold.

As a result, aluminum bullion bars found a place among the national treasures of France, and aluminum jewelry became a symbol of the French aristocracy.

Aluminum, known by its atomic number 13 on the periodic table, is a ubiquitous element, yet it mainly exists intertwined in complex chemical compounds and not in its metallic state.

The complex procedure of transforming aluminum compounds into pure aluminum metal was costly, making aluminum harder to produce than gold. The aluminum price at the time reflected that.

In 1852, aluminum hovered around $37 per ounce, significantly more expensive than gold at $20.67 per ounce.

Continue reading “Harder Than Gold, Faster Than Fiat”

Submitted by Hardscrabble Farmer

Bitcoin Mining Can Reduce Up To 8% Of Global Emissions: Report

Authored by Ezra Reguerra via CoinTelegraph.com,

A paper published by the Institute of Risk Management (IRM) concluded that Bitcoin has the potential to be a catalyst for a global energy transition.

IRM Energy and Renewables Group members Dylan Campbell and Alexander Larsen published a report titled “Bitcoin and the Energy Transition: From Risk to Opportunity.”

Continue reading “TALES FOR TARDS”

Guest Post by Nick Giambruno

Bitcoin has been likened to the platypus… which sounds like an odd comparison.

The platypus is a strange duck-billed mammal with webbed feet and a furry body like a beaver. It has characteristics of birds, mammals, and reptiles. Females lay eggs but also nurse their young with milk. Males produce a potent venom.

When Europeans discovered the platypus in Australia in 1798, they wrote letters to folks at home to describe this bizarre new animal. People thought the platypus was a joke or a hoax—because it didn’t fit into the classification of animals at that time. Continue reading “3 Things Most People Don’t Know About Gold, Bitcoin, and Money”