Max Keiser: ‘Bitcoin is peer-to-peer gold, fight me on this, go ahead'

01 Feb, 2019
by Joeri Cant
Max Keiser: ‘Bitcoin is peer-to-peer gold, fight me on this, go ahead'

Max Keiser, VC investor, crypto commentator and host of the Keiser report, says that in his opinion, Bitcoin as digital cash is 'negligible', but that as digital gold, Bitcoin is 'world-changing'.

According to Keiser, after taking a real close look at the whitepaper of Bitcoin, he thinks that we can now say without a shadow of a doubt that 'to really get Satoshi’s vision, Bitcoin is peer-to-peer gold'.

'That is what Bitcoin accomplishes, it is peer-to-peer gold, without a third party intermediary, without having to verify the gold.'

'That is what Bitcoin is, fight me on this, go ahead, but you’re wrong', he said.

Max's statement goes directly against the recent report of the World Gold Council in which it makes the case that Bitcoin and other crypto do not act well as a safe haven like gold does and instead act as a high risk investment.

'In Q4 2018, as global stock markets experienced their worst quarter since 2009, cryptocurrencies had a prime opportunity to demonstrate qualities associated with safe havens like gold. However, cryptocurrencies, such as bitcoin, behaved like risky assets and fell while gold rallied', the report stated.

Read more: World Gold Council Report states crypto is no safe haven like gold

Some of his Twitter followers point out that Bitcoin’s main function is to act as digital cash and that it actually is a peer-to-peer electronic cash system.

But Keiser replied by saying that the word ‘Cash’ as used in Bitcoin's white paper actually means 'Gold'.

'This is irrefutable based on SN’s chats, and context of cypher punks', Keiser said.

Others seem to be confused by Keiser's latest staement.

Ofcourse, Keiser is not alone in his view that Bitcoin is world-changing as digital gold.

Bobby Lee, for example, brother of Litecoin creator Charlie Lee and co-founder of BTCC, China’s first bitcoin exchange, recently said that he is convinced that Bitcoin is bound to surpass gold.

Many claim that Bitcoin's set market cap makes it already more desirable than other assets. More desirable than gold even, which could end up being replaced by Bitcoin entirely.

Read more: Is Bitcoin at $1 million really possible?

What do you think? Do you agree with Max that Bicoin is peer-to-peer gold? Let us know in the poll below.

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Is Bitcoin peer-to-peer gold, or peer-to-peer cash

(4 votes)

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