Bitcoin Is “The Loudest Monetary Fire Alarm” In Finance

Instead, it appears to be the one asset that has been able to survive the bearish sentiment shift due to the Evergrande situation in China. But that could be due to the cryptocurrency being what the founder of one equity firm says is “the loudest monetary fire alarm in finance.”

Bitcoin Rings Alarms With Equity Manager Lawrence Lepard
Fire alarms are designed to get people’s attention. They are loud and often lights are flashing dramatically as a siren screams as loud as it can.

That’s exactly what Lawrence Lepard, founder of Equity Management Associates, LLC said about Bitcoin in an interview with Kitco on the theme of “sound money.”

Kitco is a lot like us, except they focus on the gold market and less-so Bitcoin. For us, its vice-versa.

At the recent Gold Forum Americas – the world’s oldest and largest annual gathering of precious metals companies, representing “seven-eighths of the world’s publicly traded gold and silver companies when measured by production or reserve” – Kitco spoke to the long time equity manager.

The conversation quickly turned to Bitcoin when talking about the subject of sound money.

Source : bitcoinist.com