Bitcoin: Not A Threat To Central Banks

Bitcoin promoters believe that Bitcoin is an actual threat to central banks and the fiat monetary system. Yet despite this belief they also believe that the U.S. government, which has the most to lose if Bitcoin

 succeeds, will take no action to protect itself from this threat.

The Coming U.S. Dollar Collapse

The coming U.S. Dollar collapse will likely result in China surpassing the U.S to become the world's largest economy before the end of the next presidential term. As America's economic dominance comes to an end, so too will the dollar's status as the dominant reserve currency.

Gold Is An Inflation Hedge

Gold is an inflation hedge because it's also a commodity. When inflation reduces the purchasing power of fiat currencies, it takes more units of the inflated currency to buy a given commodity. Since gold is also a commodity, it maintains its value relative to other commodities.

Since gold retains one hundred percent of its properties over time, and is easy to store, it's an ideal asset for consumers to hold during periods of high inflation. While more units of currency are need to buy commodities, the same quantity of gold can still be exchanged for other commodities.