Frank GiustraThinkers

Bitcoin is concerning because it behaves like a growth stock. It will only show itself to be a store of value, as claimed if, during a major market correction, it can act like gold does and establish itself in an inverse correlation.

Bitcoin is concerning because, unlike gold, it has never been tested, especially in a financial crisis as a store value against inflation, the devaluation of currencies, and sharp equity downturns.

Bitcoin is risky — history has shown the governments go to extreme lengths to protect their monopoly on currency and they will not to tolerate a global decentralized currency it's just not going to happen.

Gold is battle tested; any time that there's a currency crisis, people will always flee to gold. It happens every every time.

Gold is beneficial in times of crisis and in certain times of economic expansion because of its dual purpose of use in jewelry and industry.

Gold is eternal and it's almost indestructible. The gold that you may be wearing in your jewelry today might have been a piece of jewelry two thousand years ago it has been deeply woven into the cultural fabric around the world and into the global monetary system.