Will gold stay an necessary type of cash, or are cryptocurrencies like bitcoin set to overhaul it?
That was the topic of a Soho Discussion board debate held on July 26 on the Mises Institute in Auburn, Alabama, as a part of Mises College, an annual educational program within the Austrian college of economics attended by over 80 accepted college students from across the nation.
Keith Weiner, CEO of Financial Metals, defended the decision: “Gold will stay an necessary type of cash within the twenty first century.” Weiner took the place that gold is poised to carry on to the financial standing it is loved for the previous 5,000 years and that its current efficiency solely confirms why.
Pierre Rochard, co-host of the Bitcoin for Advisors podcast, took the unfavorable, arguing that the technological benefits of bitcoin will make it the popular medium of alternate in a post-dollar world.
This debate was moderated by Soho Discussion board director Gene Epstein.
Narrated by Nick Gillespie; edited by Clay Barnett and John Osterhoudt
Picture: The Mises Institute; Kirez, CC BY-SA 4.0, by way of Wikimedia Commons; Rangan Datta Wiki, CC BY-SA 4.0, by way of Wikimedia Commons