The recent price growth of both bitcoin and gold has been raising questions about which one is the real safe haven. RT’s Max Keiser and Stacy Herbert voice their views on the issue.
If it wasn’t for bitcoin, there would be no current rally in gold, says Max, noting that the cryptocurrency “made hard money fashionable again.”
“Bitcoin brings hard money back into the economy and is making everyone accountable. It’s similar to a gold standard which we used to have and which made accountability fashionable a hundred years ago,” he explains.
“But it makes it 10 times better because it happens every 10 minutes, every 10 minutes every single transaction that ever happened is audited and everyone has got to account for that transaction,” Max continues.
He points out that, as the result, we have “accountable participants in the society.”
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