Overheard On CNBC: If It Wasn’t For Bitcoin, Gold Would Be $3K
Bitcoin is making headlines left and right on media outlets everywhere, but none more so than CNBC. According to a well respected journalist, during a segment on CNBC it was said that gold would be trading at $3,000 an ounce if it wasn’t for Bitcoin. Here’s why that statement is probably true, and why the […]
Related News
The CNBC host publicly thanks Anthony Pompliano after he made serious returns on a $500,000 BTC investment. CNBC host Jim Cramer has revealed he made "a ton of money" on Bitcoin (BTC) but gold "let him down."In an episode of the Pomp Podcast released March 22, Cramer thanked host Anthony Pompliano for inspiring him to invest $500,000 in BTC.Cramer after Bitcoin buy: "Thank you""Here's what's going on: you made me a ton of money," he began.Cramer is well known as a mainstream media finance pundit, and is also familiar to Bitcoiners after a previous Pomp Podcast appearance in September 2020.....
Perhaps the surname Winklevoss sounds familiar to you. Maybe even the Winklevoss twins is more familiar. They're the duo that sued Facebook's Mark Zuckerberg for allegedly ripping off their 'ConnectU' social network at Harvard. Well, they're avid Bitcoin investors and see it's promising much like you may. They appeared this morning on CNBC to discuss bitcoin, which is something you may find interesting. The report describes bitcoin as Gold 2.0. Very interesting stuff, indeed. [via CNBC]
A second Bretton Woods era will be even more centralized and even further from a true democracy. Barely 100 years ago at the start of the 20th century, people were able to exchange dollars for gold at their local bank. While gold was too hard to trade between people, banking institutions held gold and gave people cash for it. This was during what was known as the gold standard. Each sovereign currency’s value was determined relative to a fixed amount of gold. However, in the decades ahead, that standard quickly changed.Toward the end of World War II, dozens of powerful people organized a....
The Wall Street legend still owns far more gold, but said if gold does well, bitcoin will do better.
Ray Dalio, co-chief investment officer of Bridgewater Associates, one of the world’s largest hedge funds, owns some Bitcoin, but in an interview with CNBC today he demonstrated that he doesn’t understand or believe in it as a superior store of value to gold.