This short discussion between Preston Pysh and Luke Growen is an excellent exploration of the tension between gold and bitcoin and explains why holding both can be a good idea:

I think gold has a 20x potential. Here is my reasoning: Currently gold is held as an asset on the Federal Reserve’s balance sheet as gold certificates issued by the Treasury and priced at $42/oz. If the financial black hole that is Bitcoin really starts to seriously disrupt the current system then governments could compete by re-pricing gold to $43000/oz and after that, being debt-free, stop repressing interest rates, and limit the grow of their currency supplies.

I used to hold and trade Bitcoin and gold. Those wishing to credit me with letting them know about Kinesis may sign up using this Referral Link:

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