American Consequences - May 2021

BITCOIN

They both plunge into the darkness... armed with their respective hardware, digging through the earth or ether, each hoping for treasures yet or never seen. And whether hunched over a screen in their South Carolina suburban garage or on their knees scraping at the soil in the sands of South Africa, they’re connected by one cosmic unifier... They are miners .

And what they’re mining for is both from utterly opposing universes but ultimately the same: money. Except one’s invisible as the other one shines. One has existed for less time than a middle-schooler, while the other drapes over five millennia. Welcome to the bitcoin versus gold debate. No school versus old school. Digital versus Analog. It’s also two self-made billionaires with a lot to say... THE GREAT DEBATE: BEHIND THE CURTAIN If you haven't seen Stansberry Research's two-hour debate on YouTube – no worries. I’m here to take you behind the curtain and rehash the highlights. The piece features me moderating a discussion between Michael Saylor, CEO of MicroStrategy, carrying the crypto flag, while Lionsgate Entertainment

founder Frank Giustra spoke on behalf of the gold bugs. Michael evolved into a crypto folk hero by becoming the first CEO of a publicly listed company to convert a part of his company’s cash reserves into bitcoin. Meanwhile, Frank transformed investment bank Yorkton Funds into a global powerhouse of mining finance, and is the mastermind behind the creation of some of the world’s leading mining companies. Frank is also a serial entrepreneur, having founded Lionsgate Entertainment, Modern Farmer, and Domenica Fiore. He now dedicates most of his time to philanthropic work, most recently the Million Gardens Movement alongside Kimbal Musk. In my 15 years as an investigative journalist, I’ve become very familiar with the precious metals market, and I’ve known Frank for close to a decade. He’s such a pivotal figure in that world, and he knew that I had interviewed

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May 2021

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