Kim Dotcom: "Shift your USD into Gold & Bitcoin asap"

12 Aug, 2018
by David Borman
News
Kim Dotcom: Shift your USD into Gold & Bitcoin asap

Controversial internet voice Kim Dotcom took to twitter recently to voice the belief that a major financial crash is on the way. The solution? Buy gold and bitcoin to weather the coming economic hard times.

Kim is hardly the first or only proponent of gold and bitcoin online. It is a not uncommon opinion that the world's financial markets are being artificially propped up, and the bubble is near bursting. Bitcoin was created directly as a response to the last economic crisis, so it makes sense to believe it will be a safe harbor during the next.

Kim's grievance centers around the ever growing US national debt, which most people agree will never be repaid.

Despite the optimism around bitcoin and other cryptos, it is not clear how well these stores of value would actually fare in a collapse of the financial system. There are plenty of reasons to be optimistic, but until the other shoe drops, there is only speculation.

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Read more about: Bitcoin (BTC)

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