Bitcoin Is The New Gold

Kitco News sits with the Bitcoin advocate George Gilder to find out why he is so interested in the virtual currency. “Bitcoin today is a new form of information theory, which is the major system of the world,” he says. “I think that Bitcoin is the new gold, it works with gold.” Gilder adds that he expects to see Bitcoin prices and gold prices to real a stable relationship overtime. “In my book, I show that the rise of Bitcoin today parallels the rise of gold at the beginning of the 18th century.” Tune in now to hear why he likes the crypto-currrency and where he thinks gold is headed. Kitco News, July 15, 2014.