Bitcoin vs Gold: EPIC Debate!

Is Bitcoin the greatest money ever invented, or does gold still hold the crown? In this video Hurley breaks down the epic debate between Jack Mallers and Peter Schiff, as they discuss the strengths and weaknesses of both assets. Why is Bitcoin so down when priced in gold? Has gold performed well adjusted for inflation? Is Bitcoin even scarce if it can be infinitely divided? Does Bitcoin need inherent value to become money? We get to the bottom of the age old debate that will shape the future of money forever.

Timestamps:
00:00 - Bitcoin vs Gold Intro
01:13 - Bitcoin Priced in Gold
03:31 - Gold Price Corrected for Inflation
04:32 - The Problem with Inherent Value
07:22 - Is Bitcoin Really Scarce?
08:23 - Did Gold Fail as Money?
11:59 - Mutual Respect and Finding Common Ground

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[Swan_Bitcoin]

WARNING: Beware of scam bots that promote random crypto scams and use Swan's image and name in the comment section. We will never ask you to contact us through YouTube. If you have any questions and want to reach us directly, follow our Twitter account @Swan and send us a message.

[GregsTake]

This is the first time I've seen two people with such an age difference debating something of such magnitude in this space. Jack is a class act. Peter is very well respected internationally. The new and the old guard advocates tip their hats to one another in the end. Much respect to both of them :)

[mattivation_inc.]

This was an excellent respectful debate. I hold both BTC & gold for the same reasons.

[Bradsworld]

Jack states the case so well. Love to listen to him talk Bitcoin!

[SargisFarter]

I don't know we rarely get to create awareness about bitcoin and crypto SCAMS while promoting cryptocurrencies

[CariMaddie]

Excellent video as always but here is my problem I have been making losses trying to make profit trading. I thought trading demo account is just like trading the real market... can anyone help me out or at least advise me on what to do

[sangEta]

2013 Peter Shiff was preaching Bitcoin going to zero. $1700 bought 1oz of gold or 34 BTC. Today the BTC is worth $1, 955, 000.

[jnicemint]

Gold is RELATIVELY scarce. BTC is ABSOLUTELY scarce.

[AVDS]

It’s so silly to watch people have debates about gold and bitcoin. Gold and bitcoin are a team, not competitors.

[MrPJFurey]

I say with all my heart that these are the conversations that win people over! We can all learn something here, one world, or maybe two words! Haha Simple & Respect!

[takethepowerback]

We’re not the same, I watched both.

A man refusing to engage in politics ends up being ruled by his inferiors.

[dk]

The whole BTC v Gold argument/comparison is irrelevant I dont know why were still debating it. Its not even remotely comparable in any way.

[MarcIverson]

Old guy here. Jack represents me, and I admire him immensely.

[brentromine]

If only our presidential candidates and debates could be this professional and informative!

[cheesyandy]

Exactly, Peter needs to explain why 'going back to the gold standard' would not fail again in the exact same way.

[sooperdweeb]

The entire key to this whole debate is to have a stash of both. Old people like me have bought gold to protect against the devaluation of the dollar and the younger generation are buying Bitcoin for the same reason. End the debate! Buy both!!!!

[TheKennomura]

I sold my washer and bed frame and accepted Bitcoin as payment instead of cash. He was in Mexico and I was in Japan. That's the beauty of Bitcoin.

[larenvanderwesthuizen]

Great review on the debate. The ending was 1st class.

[MikeRobinsonPresents]

Wow! An amazing, respectful and knowledgeable debate. Luv it!

[Swan_Bitcoin]

WARNING: Beware of scam bots that promote random crypto scams and use Swan's image and name in the comment section. We will never ask you to contact us through YouTube. If you have any questions and want to reach us directly, follow our Twitter account @Swan and send us a message.