The False Analogy Between Gold and Bitcoin

Willem Buiter has a very nice piece critiquing the Swiss Gold Initiative; see here. Unfortunately, Buiter starts talking about Bitcoin, making false analogies between the cryptocurrency and gold. He should have just focused on gold. As it turns out, both gold and Bitcoin do share some important characteristics. I’ve written about this here: Why Gold […] View the full post at: The False Analogy Between Gold and Bitcoin Related posts: Barrick Gold Races Out of Hedges Gold Surges to Record Highs India Potentially Considering Buying the Other Half of the IMF’s 400 Tons of Gold for Sale