Topic: Jim Rickards endorses Bitcoin - page 4. (Read 6632 times)
Currency Wars is one of the best books I've read. It's good to see the author positive on BTC instead of the usual blah blah blah gold.
This is indeed good news.
Maybe the bull run has just begun.
Maybe the bull run has just begun.
This is the best news all week. Rickards has always said that flight from the dollar is a done deal. Now that he's endorsed Bitcoin, many folks that heed his advice will see Bitcoin as a legitimate path away from the dollar equal to PMs.
Who is Jim Rickards? From Wikipedia:
James G. Rickards is an American lawyer, economist, and investment banker with 35 years of experience working in capital markets on Wall Street. He is a writer and is a regular commentator on finance. Rickards advised clients of an impending financial collapse, of a decline in the dollar and a sharp rise in the price of gold, all years in advance. Rickards is the author of The New York Times bestseller Currency Wars, published in 2011.
http://www.foxbusiness.com/investing/2013/03/22/bitcoin-interest-explodes-as-cyprus-nearly-implodes/
From the article:
"Rickards said the recent popularity of Bitcoins is part of a broader trend around the world in favor of alternative currencies."
“Gold is a great way to preserve wealth, but it is hard to move around,” said Rickards. “You do need some kind of alternative and Bitcoin fits the bill. I’m not surprised to see that happening.”
“It’s almost a badge of respect when the Treasury starts regulating you,” said Rickards. “You must be doing something right.”
“It’s not a knock on Bitcoin,” said Rickards. “I’m sure there are criminals using the Bitcoin world, but there are criminals and bad actors in the dollar world as well. The sight of a drug smuggler opening a suitcase full of $100 bills is not unusual.”
It's a big deal that Rickards has noticed and essentially endorsed Bitcoin. And he is one of the quintessential goldbugs.
James G. Rickards is an American lawyer, economist, and investment banker with 35 years of experience working in capital markets on Wall Street. He is a writer and is a regular commentator on finance. Rickards advised clients of an impending financial collapse, of a decline in the dollar and a sharp rise in the price of gold, all years in advance. Rickards is the author of The New York Times bestseller Currency Wars, published in 2011.
http://www.foxbusiness.com/investing/2013/03/22/bitcoin-interest-explodes-as-cyprus-nearly-implodes/
From the article:
"Rickards said the recent popularity of Bitcoins is part of a broader trend around the world in favor of alternative currencies."
“Gold is a great way to preserve wealth, but it is hard to move around,” said Rickards. “You do need some kind of alternative and Bitcoin fits the bill. I’m not surprised to see that happening.”
“It’s almost a badge of respect when the Treasury starts regulating you,” said Rickards. “You must be doing something right.”
“It’s not a knock on Bitcoin,” said Rickards. “I’m sure there are criminals using the Bitcoin world, but there are criminals and bad actors in the dollar world as well. The sight of a drug smuggler opening a suitcase full of $100 bills is not unusual.”
It's a big deal that Rickards has noticed and essentially endorsed Bitcoin. And he is one of the quintessential goldbugs.
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