Balaji: Physical gold is not the best hedge against a US dollar crisis; Bitcoin has greater anti-seizure properties

BlockBeats News, January 30th: Former Coinbase CTO and angel investor Balaji Srinivasan stated today that signs of a fiat currency crisis have emerged, with physical gold vulnerable to government seizure (such as in the 1933 Roosevelt Order), while digital gold like Bitcoin has a confiscation-resistant advantage due to its fungibility and programmability.

Balaji expressed in the article that the gold reserves of BRICS countries have sharply increased since the 2008 financial crisis, indicating an Eastern shift towards tangible assets, but the Internet will replace dollar-dominant Keynesianism with digital assets.

Balaji concluded that for people in sovereign debt crisis countries in North America and Western Europe, gold is not necessarily the best hedge asset, and Bitcoin is a worthwhile hedge option to consider.