Bitcoin: a symptom of market mania — or the new gold?

Financial Times/Merryn Somerset Webb

artist rendering of tulip in original book on the tulipomania 1637“But the euphoric [bitcoin] price rises of the last few weeks still scream mania at me. There is hysterical anger on social media against critics of the oddly specific targets.”

USAGOLD note: We made reference to this Financial Times article written by Merryn Somerset Webb in yesterday’s DMR and post it here for those who may have missed it. Webb offers cogent arguments as to why it makes sense to go easy on bitcoin and keep your trust in gold for the long run.

Repost from 1-12-2021

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