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IPFS News Link • Currencies

A Battle for Monetary Supremacy… Gold, Bitcoin, and Fiat

• By Nick Giambruno

With the emergence of Bitcoin—which has piqued the interest of many—there is a new hard money option.

How do you see the two as governments worldwide are engaged in the most extreme money printing experiment in history?

Nick Giambruno: Let me first say that I am all for free-market competition in money. I say let the best money win.

To really understand what is going on here, it's imperative to have a handle on the basics.

Money is a good, just like any other in an economy. And it isn't a complex notion to grasp.

It doesn't require you to understand convoluted math formulas and complicated theories—as the gatekeepers in academia, media, and government mislead a lot of folks into believing.

Understanding money is intuitive and straightforward. Money is simply something useful for storing and exchanging value. That's it.