Bitcoin is Surging Because it’s “Hard” Money

by Chris Lowe, Nick Giambruno
Casey Research

Chris Lowe: Hey, Nick.

So bitcoin (BTC) is up 187% since you called it the “new crisis currency” and recommended it to your Casey Report readers June 2018. That’s a heck of a lot more than the U.S. dollar, or other fiat currencies.

You wrote one of the most interesting reports on bitcoin I’ve read in a long time. You make the case that the reason you want to own gold and bitcoin over government-issued currencies like the U.S. dollar is because they’re “hard assets.” They’re both hard to produce more of. That means their value can’t inflate away.

Gold is a physical thing. And a lot of folks view it as the hardest currency in the world. But you’ve been making the case that bitcoin is an even harder currency than gold, and potentially an even better store of value as a result.

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