Gold and bitcoin stored on a non-custodial wallet will help insure against the collapse of fiat money, which seems plausible. This was stated by Ari Paul, founder of the crypto fund BlockTower Capital.
We are entering a scary phase of the end game. https://t.co/SPnLMpochU
— Philip Swift (@PositiveCrypto) March 21, 2023
LookIntoBitcoin founder Philip Swift saw in Paul’s remarks an ‘entry into the terrifying stage of the endgame’.
The founder of BlockTower outlined a scenario of serious financial repression involving the injection of CBDC and the nationalisation of the banking sector. In the near term, a real risk of asset freezes, censorship, confiscation, or capital controls may emerge.
In the expert’s view, the United States and much of Europe have approached this scenario, which is already characteristic of about 40% of countries worldwide.
Beyond digital and traditional gold, globally diversified real estate and equities may save capital, given potential risks of asset freezes and the introduction of controls over capital movements.
Earlier, the author of ‘Rich Dad Poor Dad’ and entrepreneur Robert Kiyosaki again urged to invest in gold, silver and Bitcoin ahead of an ’emergency landing’.