Why Bitcoin is Not Money
Update: 2023-03-22
Description
Keith Weiner returns and Kimberly Ann of Lahontan Gold Corp joins host Jay Taylor for the first time. J.P. Morgan stated that only gold is money. Everything else is credit. Now in the midst of a credit and banking crisis, there is a normal risk off move into U.S. Treasuries but this is the first global financial crisis in which some investors, especially the young, are not choosing the most time-tested store of value in history—gold, but rather bitcoin. Is bitcoin money just another form of credit? What is bitcoin actually good for, if anything? Those topics, along with Keith…
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