2 chapters across the catalog
Former Federal Reserve Chairman Alan Greenspan stated that Bitcoin is a bubble because it lacks intrinsic value or the backing of a sovereign issuer. Greenspan suggested that a valid currency could be issued by a high-net-worth individual with a great reputation, rather than a government. Meanwhile, the Bitcoin market is seeing a proliferation of alternative "altcoins" like Litecoin and Peercoin.
The hosts review their long-standing prediction that gold would reach $1,300 an ounce, noting it is currently near that mark. While one host predicts gold could reach $5,000 or even $11,000 if the economy collapses, the other argues that gold has no intrinsic value outside of industrial use and dentistry. They briefly compare gold to other historical forms of currency like salt, shells, and seeds.
