Gold Is ‘Toilet Paper’ for the Rich, Bitcoin for the Poor — Max Keiser

People are going to buy Bitcoin (BTC) in droves — because there will be no gold for sale due to coronavirus, Max Keiser predicts. In a recent edition of his Keiser Report news program on March 31, Keiser said that the coronavirus pandemic will push billionaires into gold as a safe haven.

Gold is also afflicted by the phenomenon which has impacted every money in history except Bitcoin — the higher the price, the more effort humanity devotes to increasing the supply. On the topic of supply, the Keiser Report added that this time, unlike the financial crisis of 2008, gold mines are shutting down over coronavirus, ironically stifling the opportunity to boost the supply.

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