Bob Murphy
๐ค SpeakerAppearances Over Time
Podcast Appearances
You know, if you're picturing a Mad Max scenario, I can't imagine a world where someone's sitting on gold coins that that's not going to be valuable.
Whereas you're not as sure if you have a bunch of tokens on the blockchain somewhere in a crazy world where people are each other over bottled water.
Is that going to be bad?
I personally am bullish on both, but I can see how.
Well, sure.
So here.
Yeah.
And I agree.
And yes, there was a sort of like friendly rivalry among them that they could all agree on.
They didn't like, you know, fiat government money, but they had pros and cons.
And of course, you know, different views on guys like Peter Schiff and such.
So, yeah, I think.
My read of the situation is because even going back, like when things happened in Cyprus and whatever, that it seemed to me that if people if the news were just that, oh, the Fed's going to do more QE or whatever and thought, OK, the economy isn't like in an imminent crisis mode.
It's just we think there's more dollars that are going to be dumped in the system than, yes, both gold and Bitcoin would seem to go up.
But it seems like if there was actual.
uncertainty about like you know what what's going to happen next month then i think you would see you know people rushing to the precious metals more as like a safety you know sort of panic mode and actually maybe um you know selling off some of their crypto holdings like to raise the liquidity to be able to go do that so to me that's what and i think just intuitively it kind of makes sense that
You know, if you're picturing a Mad Max scenario, I can't imagine a world where someone's sitting on gold coins that that's not going to be valuable.
Whereas you're not as sure if you have a bunch of tokens on the blockchain somewhere in a crazy world where people are shooting each other over bottled water.
Is that going to be bad?
So I personally am bullish on both, but I can see how when things really, you know, push comes to shove that some people think,