Balaji: Physical gold is not the best asset to hedge against a dollar crisis; Bitcoin has greater anti-censorship advantages

Former Coinbase CTO and angel investor Balaji Srinivasan stated in a post today that the fiat currency crisis is already showing signs, and physical gold is vulnerable to government seizure (as seen with Roosevelt's order in 1933), while digital gold like Bitcoin has greater resistance to seizure due to its invisibility and programmability.

In the article, Balaji noted that the gold reserves of BRICS countries have surged since the 2008 financial crisis, indicating a shift in the East towards tangible assets, but the internet will replace the dollar-dominated Keynesianism with digital assets. Balaji concluded that for people in North America and Western Europe, countries facing sovereign debt crises, gold may not necessarily be the best safe-haven asset, and Bitcoin is a hedge worth considering.