Gold bugs and bitcoiners have much more in common than they like to think.
For example, they both agree on the main problem faced by the economy:
Market and currency manipulation lead to inequality, which ultimately leads to social and economic disintegration.
And they even agree on a solution: Sound money.
Sound money is money that is not prone to depreciation in purchasing power over the long term and based on self-correcting mechanisms inherent in a free-market system.
What they disagree on, however, is how to apply the sound money principle:
- Gold bugs believe in gold as an analog application.
- Bitcoiners believe in bitcoin as a digital application.
Nobody knows yet which one would work best, but here is something to keep in mind:
Physical gold has been proving its value as a store of wealth for more than 5000 years... whereas Bitcoin was launched only 11 years ago.
