Does the Bitcoin Network Have Value?

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Panelist anthony: We have a tendency to corrupt our money. I think the answer to that is yes, i believe it does. The break through for me is it's a libertarian concept. And so what the big coin is solving for is we can make this widespread. There are 21 million coins out there, several millions of which ave left to be mined. But two or three million were likely lost and as a result of early adoption, poor storage. Now ther're forty nine million global millionaires, according to j p. Morgan.We don't even have enough bit coin for each global millionaire to own one bit coin. That's a ledger. This, this piece of fabric

Since the world economy was plunged into crisis as a result of COVID-19 many economists have predicted a period of great instability. In normal times investors would seek to hedge against volatility by buying gold. But this time some are putting their money elsewhere – into Bitcoin and other digital assets. And that raises a fundamental question: in a time of rising inflation, will Bitcoin or gold be the trusted store of value and asset of the future? Anthony Scaramucci, Founder and Managing Partner of SkyBridge Capital and former White House Director of Communications goes head to head with Peter Schiff, chairman of Schiff Gold and chief global strategist for Euro Pacific Capital. The debate is hosted and chaired by Anne McElvoy, Senior Editor at The Economist. Register FREE for next Intelligence Squared Crypto debates in partnership with EQONEX via the links below: Crypto vs the Environment: https://bit.ly/3sGPq48 Crypto Can Bank the Unbanked: https://bit.ly/3zaYL6B

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