Bitcoin Is The New Gold: FreedomFest Speaker

Kitco News sits with Bitcoin advocate George Gilder to find out why he is so interested in the virtual currency. “Bitcoin today is a new form of information theory, which is the major system of the world,” he says. “I think that Bitcoin is the new gold, it works with gold.” Gilder adds that he expects to see Bitcoin prices and gold prices reach a stable relationship overtime. “In my book, I show that the rise of Bitcoin today parallels the rise of gold at the beginning of the 18th century.” Tune in now to hear why he likes the cryptocurrency and where he thinks gold is headed. Kitco News, July 15, 2014. (show less)

Kitco News sits with Bitcoin advocate George Gilder to find out why he is so interested in the virtual currency. “Bitcoin today is a new form of information theory, which is the major system of the world,” he says. “I think that Bitcoin is the new gold, it works with gold.” Gilder adds that he expects to see Bitcoin prices and gold prices reach a stable relationship overtime. “In my book, I show that the rise of Bitcoin today parallels the rise of gold at the ... (read more)