Cryptos Go to the Movies

Posted On Sep 16, 2021 By Addison Wiggin

I posed the question to Hard Assets Alliance’s Jeff Clark, bitcoin or bullion? Neither, he asserted; cryptos and gold don’t inherently imply an either/or situation. In fact, he owns “a couple of small cryptos that… are valid or potentially valid speculations.” He points out Mike Maloney, the noted metals bull who founded, also cashed in on the frenzy for Bitcoin. “It was over $60,000 at some point when he took profits,” Jeff tells me. “He still owns some.” That doesn’t mean he believes cryptos will replace gold and silver anytime soon. “Cryptos are still too volatile to be a stable store value,” he says, “and they don’t have a proven history.” Gold has both.

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