processors and denser application- specific integrated circuits. So the Moore’s law rate of increase in hash rates and bitcoin mining demands can be neutralized by the simultaneous drop in cost per gigaflop. Also, the size of the blockchain (now at around 25 Gigabytes) declines steadily as a share of deployed memory and processing power. I guess as a monetary standard I have more faith in gold, but I believe bitcoin represents a significant alternative as a layer 8 for trust and transactions for the Internet. 2. I have a small investment in gold and a significant investment in bitcoin companies (not coins, though I have given them as birthday presents to graduating relatives). 3. These investments reduce risk in my portfolio. Greg Diamond, trader and market analyst 1. Gold. Considering the greatest growth of prosperity in this country occurred under a gold standard and without a central bank (or income tax) – the gold standard gets my vote. I’m intrigued by bitcoin (and am invested in it) as another potential standard to bypass, at least for now, central bank and government control. 2. I have silver and gold coins and am
invested in mining stocks. 3. Like any investment, the major risk is that it fails to produce returns whether it is through price appreciation or dividends or both. I’ll add that I view precious metals and miners as a hedge against the confidence in government and not necessarily an investment based on future inflation expectations. Doug Casey, legendary natural resource speculator 1. Gold. For reasons I’ve explained at length, many times. 2. To an extreme degree. 3. Two risks: Being wrong, and theft – most likely in the form of government confiscation.
Will Bonner, executive director of the Bonner Family Office
1. The cryptos align with our outlook in that they are "better money." However, our
crypto investment allocation currently represents 1/100th the size of our gold allocation. 2. Our approach as of now is to charge into bitcoin and a select group of cryptocurrencies at all-time highs. We've been ironing out some logistics and custodial issues, while the cryptos have pushed higher. We're doing this on the
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