Gold vs Bitcoin: The Debate on Store of Value

During the podcast, the debate between gold and Bitcoin as a store of value was discussed. The guest, Frank Dusett, expressed his strong opinion that Bitcoin is not the same as gold and highlighted the untested nature of Bitcoin during a crisis. He emphasized the value and long-standing track record of gold as a store of value, pointing out that gold has been used as a medium of exchange for thousands of years and has maintained its value over time. Additionally, he raised concerns about the potential for governments to regulate or ban Bitcoin during a crisis, whereas gold has not faced the same level of threat. Rani Stoffel, on the other hand, acknowledged the positive aspects of Bitcoin, such as the discussions it has generated around the concept of money and its potential as a new asset class. He emphasized the importance of having a diversified portfolio that includes both gold and Bitcoin, recognizing the stability and long history of gold, as well as the potential for growth and innovation with Bitcoin.