Bitcoin is NOT Digital Gold (Ray Dalio was right!)
Channel: Yankee Stacking
Date: 2020-12-09

Bitcoin is not digital gold, and Ray Dalio was right!  In this video I discuss the three points Ray Dalio makes in a recent Twitter post.  He tweeted that:

1) The use case for Bitcoin, and cryptocurrenties in general, were poor as a medium of exchange.  That includes what PayPal recently announced with regards to selling and buying crypto, and the fact that this poor use case is the same for physical gold and silver. 
2) Bitcoin's claim that it is a store of value is largely unproven--unlike gold.  Gold's intrinsic value has stood the test of time.
3) Governments will make Bitcoin illegal and ban it if they ever deem it a significant threat.  I somewhat disagree with Ray Dalio on this last point.  Watch the video to see WHY (hint: CBDCs)

I stack silver and gold to hedge against our debt-fueled, fiat currency-based economy that I am convinced is in deep trouble.  Consider stacking silver and gold yourself to help you build and preserve wealth.  And thank you for watching Yankee Stacking!

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Topics discussed: bitcoin, digital gold, investing in crypto, crypto investing, investing in bitcoin, altcoins, silver, gold, Ray Dalio, twitter, tweet, cryptocurrenties, medium of exchange, PayPal, buying crypto, physical gold, bullion, gold bullion, silver bullion, store of value, intrinsic value, CBDCs, stack silver, hedge, debt, fiat currency, economy, stacking silver, preserve wealth, precious metals, stack gold, silver stacking, gold coins, gold eagles, invest, investing, investing in silver

#Bitcoin #Crypto #DigitalGold