Gold, Bitcoin & Inflation with Lawrence Lepard - WBD654

Lawrence Lepard is an Investment Manager and Austrian Economist.
In this interview, we discuss  gold and Bitcoin, comparing
their relative benefits as assets over short and long time
scales. We also discuss inflation, the potential threats to
Bitcoin, inequality in society, and the challenges of finding
credible leaders in politics. 


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As the world grapples with an uncertain financial future, it's
becoming increasingly important to diversify your investment
portfolio. The two obvious assets designed to weather the coming
economic storms are Bitcoin and gold. Whilst the relationship
between gold bugs and Bitcoiners has been adversarial over the
years, the two assets are two sides of the same coin.


There are important differences between the two: Bitcoin is
digital gold, which enables it to be used in ways beyond the
capacity of gold; but gold has a 5,000-year head start on
Bitcoin, and can therefore provide less volatility in the short
to medium term. But, the primary demand for both as a store of
value is predicated on the same thesis of limited supply. They
both, therefore, serve as a hedge against inflation. 


In essence, the investors in both assets are well aligned in
terms of their concerns about the global economic system.
Goldbugs and Bitcoiners understand the value in sound money, and
the risks posed by the current fiat system. Rather than being
suspicious of each other, there is much to be said about
orange-pilling gold bugs, and similarly, Bitcoiners being open to
investing in gold.  


The big picture is that both gold and Bitcoin present a risk to
the current economic system. It is likely that they will both be
subject to attacks and controls by those seeking to reinforce the
current system, as the cracks and fissures widen. Any meaningful
divisions can and will be exploited: divide and conquer is a
military tactic as old as politics and war. We, therefore, need
alliances. Lawrence Lepard is one of those seeking to build a
bridge between the two groups.