2024-12-26T09:05:04+0000

On this week's episode of Yahoo Finance's The Crypto Mile, our host Brian McGleenon is joined again by renowned gold bug Peter Schiff. Often misunderstood as a critic of blockchain and digital currencies, Schiff took time to clarify his stance. He argued for blockchain technology to be combined with the inherent value of gold to make the precious metal a "better monetary instrument than it was in the past". "We don't have to ignore blockchain technology, we can use it to improve the divisibility and the portability of gold and make it an even better monetary instrument than it was in the past," he added. Schiff argues that gold should be reintroduction as the world's primary monetary reserve, but updated and renewed by blockchain technology. "With the internet, with blockchain, there is a major improvement in the functionality of gold to act as a medium of exchange and as a unit of account," Schiff explained. #youtube #gold #bitcoin Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. Connect with Yahoo Finance: Check the latest news and data at finance.yahoo.com Follow Yahoo Finance on social: Connect with Yahoo Finance: Get the latest news: https://yhoo.it/2fGu5Bb Find Yahoo Finance on Facebook: http://bit.ly/2A9u5Zq Follow Yahoo Finance on Twitter: http://bit.ly/2LMgloP Follow Yahoo Finance on Instagram: http://bit.ly/2LOpNYz Follow Yahoo Finance Premium on Twitter: https://bit.ly/3hhcnmV