Bitcoin vs Gold: The Gloves Come Off

Before Bitcoin crashed, there were a lot of articles about why Bitcoin was the new gold. What a difference a few weeks makes. With Bitcoin dropping almost 2/3rds from its high at one point, the dynamics of Bitcoin vs gold have reversed, and naysayers are out swinging for a knockout.

Last week, the G-coin website posted an opinion piece putting forward the case that Bitcoin basically can never replace gold. Though they posit that gold-plus-blockchain has a very real future – which makes sense since that’s what G-coin is. And the author obviously has a biased point of view.

The article is a fun read; though it has some tech-talk in it, any article that pulls in Alice In Wonderland quotes can always be a fun ride.  Check it out here.

 Related: Why Did the Dow Drop Recently? The Truth Will Surprise You!

About the author

Mike Hammer

Mike Hammer has had a wide-ranging career, with trading and investing as a continuing theme. Mike graduated with a business degree, then worked with Macy's. After Macy's he spent a summer trading his own account, which taught him a lot about trading in general and markets in particular. Trading through the Black Monday and the Crash of 1987 showed him how most people are unprepared for upheavals in their trading. He then joined a well-known financial planning firm as a financial advisor, helping regular people understand their finances and meet their life goals.

Then came the usual story - Mike met and married the lady of his dreams. They moved to upstate New York, where he worked first for a small manufacturing consulting company, then a major university. While loving the work and the higher-education atmosphere, Mike missed the world of finance. Eventually, he signed up for stock trading coaching with the Adam Mesh Trading Group, to learn from people who understood modern markets. Within a year, Adam asked Mike to become a stock trading coach.

Since then, Mike has trained over 200 individuals, spoken at several national conventions, and is a frequent contributor to conference calls across the Adam Mesh community. Mike writes The Gold Enthusiast daily newsletter, runs the Golden Hammer trading service, and participates in the Mesh Private Portfolio. He also keeps a position in international education which keep him in touch with "the student mindset". Mike closely follows the gold, energy, and financial sectors. His motto is "Plan your trade, then trade your plan!"

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