Bill Bonner: Gold 2.0

Bill-Bonner2

“Publicly, the feds are playing it cool with bitcoin. Privately, they must be sweating. As we told a small group of Bonner & Partners Family Office members last week at our private meeting in Nicaragua, bitcoin has the potential to be ‘gold 2.0.’ The new virtual money has the potential to destroy the dollar… the Fed… the banks… and the world’s fiat money system.  It could also make gold obsolete. This new money is easier to use and costs nothing to store.  But regulate it? That may be impossible.  Bitcoin is arguably the most disruptive monetary technology yet invented. It could be the biggest financial story since gold. Nothing like it has happened in 6,000 years – an entirely new, better, kind of money.”

http://www.bonnerandpartners.com/gold-2-0/

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