Doug Casey Believes that Cryptocurrencies will Help Spur Demand for Gold
As posted by Kitco News on 11/24/17

Bitcoin and gold were the highlights of this year’s Silver & Gold Summit in San Francisco (November 20-21, 2017), and to best-selling author Doug Casey, cryptocurrencies is the asset class to watch. “I’m very, very pro cryptocurrencies,” he told Kitco News on the sidelines of the event. But the longtime investor is not giving up on gold. Rather, he believes cryptocurrencies like Bitcoin will help spur demand for the yellow metal. “[Bitcoin] is a fiat currency created out of nothing . . . like the Dollar. As people move into more and more electronic currencies . . . the government is currently trying to get rid of $100, $50, $20 bills . . . pushing people in this direction . . . when the U.S. Government comes out with it’s own cryptocurrency . . . I won’t want to use it . . . because they will know everything you own, everything you buy, everything you sold. You will want to use a private cryptocurrency like Bitcoin.” In doing so, it may cause a person to begin pondering what the intrinsic value is of Bitcoin, currency like the US Dollar, or physical gold.

Douglas R. (Doug) Casey is an American writer, speculator, and the founder and chairman of Casey Research. Casey is a real estate investor as well as an advisor on how to profit from market distortions and periods of economic turmoil.