Published on February 22nd, 2017 | by bitcoin0
Ex Fed Chairman calls for return to gold standard as Bitcoin becomes new gold.
Former US Federal Reserve Chairman Alan Greenspan calls for a return to the gold standard as Bitcoin becomes positioned to take gold’s place as the world’s reserve store of value.
This policy drew criticism from business leaders such as Steve Forbes for weakening the dollar and pushing commodities such as gold past its 12-year moving average in 2004.
Since retirement, however, Greenspan has come out in favor of a more sound monetary policy, including a favorable view of gold as the world’s reserve currency:
“I view gold as the primary global currency.
At that time Bitcoin’s place was in a much less certain spot, yet still offered competition to gold.
Vinny Lingham, the CEO of identity protection service Civic.com, believes that Bitcoin will see a price of up to $3,000 this year, leapfrogging gold.