Revalue Gold or Adopt Bitcoin Standard? US to Take ‘Drastic’ Action to Keep Dollar Strong: Mark Moss
Revalue Gold or Adopt Bitcoin Standard? US to Take ‘Drastic’ Action to Keep Dollar Strong: Mark Moss
Kitco News: 11-16-2024
The U.S. national debt recently surged past $36 trillion, and Mark Moss explains why inflation is the only viable path forward for the government.
In a recent interview with Jeremy Szafron at Kitco News, Moss highlighted the rapid shift towards Bitcoin, predicting prices as high as $1 million by 2030.
He also discussed sovereign nations accumulating Bitcoin, a phenomenon he referred to as “Sovereign FOMO,” which he believes will fuel a massive price rally. According to Moss, with Trump branding himself as the “Bitcoin President,” the U.S. is poised to adopt a strategic Bitcoin reserve, triggering a game theory scenario that could see other nations follow suit.
Moss also spoke about the challenges facing gold versus Bitcoin, emphasizing how Bitcoin is quickly emerging as the ultimate hedge against inflation amid record demand. He believes that gold could still play a role, possibly being revalued as a part of the U.S.'s response to currency pressures.
Moss outlined why Bitcoin, unlike traditional assets, has a fixed supply and is being strategically accumulated by institutional and sovereign players—adding immense pressure on the limited availability of Bitcoin.
00:00 Introduction
02:13 Financial Crisis and Market Outlook
05:58 Bitcoin's Unprecedented Surge
15:05 US Government's Bitcoin Strategy
19:29 Global Implications of Bitcoin Adoption
26:03 El Salvador's Bitcoin Strategy
26:49 The Bitcoin Revolution: A Decade in the Making
31:25 Sovereign FOMO and Geopolitical Implications
33:41 Bitcoin's Impact on Personal Wealth
36:24 Investing in Rare and Scarce Assets
40:03 Technological Revolutions and Investment Opportunities
43:04 Gold vs. Bitcoin: Competing for the Hedge
49:18 Conclusion and Future Outlook