Former Coinbase CTO: Physical gold is not the best hedge against the dollar crisis, Bitcoin has greater anti-censorship advantages
Former Coinbase CTO and angel investor Balaji Srinivasan stated today that the signs of a fiat currency crisis are already emerging, and physical gold is susceptible to government seizure (as seen with Roosevelt's order in 1933), while digital gold like Bitcoin has greater resistance to seizure due to its invisibility and programmability.In the article, Balaji noted that the gold reserves of BRICS countries have surged since the 2008 financial crisis, indicating a shift in the East towards tangible assets, but the internet will replace the dollar-dominated Keynesianism with digital assets.Balaji concluded that for people in sovereign debt crisis countries like North America and Western Europe, gold may not necessarily be the best safe-haven asset, and Bitcoin is a hedge worth considering.