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Bitcoin and the Future of Money

Bitcoin and the Future of Money

If you focus on the daily price moves, you’ll miss the more profound truth: Bitcoin is more than just a systemically important financial asset, says Alex Tapscott of Ninepoint Partners, a firm that recently launched a Bitcoin Trust in Canada. “Bitcoin is strengthening its case as the future of money itself,” he tells Stansberry Research’s Daniela Cambone.

Tapscott makes the case that the crypto is the new “digital gold.” “Gold was the original money and Bitcoin is starting to take its place as a store of value, diversifier, and hedge against currency debasement. Like gold, Bitcoin is a scarce asset that takes time and energy to produce and is not controlled by governments. However, unlike gold, Bitcoin is easy to move and store, impossible to forge, and infinitely divisible.”

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