Duel Of The Fiats! Bitcoin And Ethereum Plunge (Goldman Analyst Says Gold Is A Value Buy)

Sharing is Caring!

by confoundedinterest17

Ever since the US Dollar went off the gold standard, it is only the good faith and credit of the Federal government with its taxing authority that stands behind it. Ethereum and Bitcoin and also Fiat currencies with no backing. And while Goldman Saches prefers Ethereum to Bitcoin (as risk-on devaluation bets), “Gold is a value buy” according to Goldman Sachs’ Jeff Currie and his Commodities Research group.

See also  Musk creates ‘hype’ with bitcoin ‘pump and dump’ comments: Jordan Belfort

But today it looks a race to the bottom for fiats.

Since May, we have seen both Bitcoin and Ethereum fall from record highs as the US Dollar crawls back.

See also  Malaysian police use steamroller to destroy 1,000+ bitcoin mining rigs

And while Goldman Sachs prefers Ethereum to Bitcoin (as risk-on devaluation bets), “Gold is a value buy” according to Goldman Sachs’ Jeff Currie and his Commodities Research group.

Ah, the gold ol’ days of the gold-backed dollar.

Not …

659 views

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.