Is Bitcoin The Future of Money? — Dominic Frisby
TND Podcast Spotlight: Wall St From Main St |
Jason Burack had on returning guest Dominic Frisby http://dominicfrisby.com/ to talk about his new book, Bitcoin: The Future of Money?
Dominic Frisby is an actor, comedian, writer for Moneyweek (top investing publication in the UK) and his previous book, Life After the State was a fantastic book.
People can buy his books on Amazon or Audible. Jason Burack of Wall St for Main St has read both books (listening on Audible) and highly recommends both.
To start off the 30+ minute interview, Jason asks Dominic about his views of the gold and silver markets since he’s been investing in precious metals for years and he’s a good technical analyst who also favors the Austrian School of Economics and is Libertarian.
Dominic is not bullish at all on anything precious metals related and he thinks gold will test $1000/oz and silver may drop below $15/oz. Dominic says fundamentals don’t matter right now in the precious metals markets. His views on precious metals are summarized in this article: http://www.financialsense.com/contrib…
Jason and Dominic argue about the future of precious metals. Jason says demand in the real world is rising for silver.
Next, Jason asks Dominic about the future of Bitcoin. Jason and Dominic talk about the growth in mainstream acceptance in Bitcoin by companies like Dell Computer, Paypal, etc and how not just Libertarians are interested in Bitcoin anymore.
Dominic is more bullish on the innovations coming from block chain technology companies disrupting many older industries than the price speculating on Bitcoin.
Dominic thinks it will be difficult for many governments to completely ban or shut down Bitcoin although they will try to increasingly tax and regulate it going forward which may start to slow Bitcoin’s growth and adoption by more mainstream people, bricks and mortar businesses, more eCommerce websites, etc.
Wall St for Main St highly recommends reading or listening to Dominic’s book about Bitcoin as it explains Bitcoin in less complicated technical jargon and tells great stories about the people involved in Bitcoin.
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Source: http://thenewsdoctors.com/is-bitcoin-the-future-of-money-dominic-frisby/
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