Global #digital gold

Gold has achieved a historic milestone, reaching a new inflation-adjusted record high above $3,635 an ounce for the first time since the 1980s.

Tucked in the Himalayas and known globally for prioritizing Gross National Happiness over GDP, Bhutan has been quietly amassing one of the largest national Bitcoin reserves in the world.

The world of finance has witnessed a fascinating evolution in recent years, with the rise of cryptocurrencies challenging the long-standing dominance of traditional assets like gold.

In a recent discussion, MicroStrategy CEO Michael Saylor reiterated his strong belief in Bitcoin as a unique and pivotal asset class, often referring to it as “digital gold.”

Peter Schiff, a well-known Bitcoin critic, remains steadfast in his belief that Bitcoin cannot be classified as digital gold. Recently, he took to Twitter to showcase his interaction with ChatGPT, asserting that the AI agreed with his stance.

As the U.S. federal government's outstanding borrowing hits a staggering $35 trillion, concerns about national debt and its implications for the economy are more pronounced than ever. Historically, mounting national debt has often led to increased inflationary pressures and a loss of confidence in traditional fiat currencies.