Bitcoin in the News : 2020-03 More++

The dramatic drop in the price of bitcoin that I documented in the previous post, Bitcoin in the News : 2020-03 Price, was a continuation of a trend set in the previous month. I documented that trend in a pair of 'Bitcoin in the News' posts, 2020-02 Price (March 2020) and 2020-02 More++ (ditto). The last link in the '2020-02 More++' post had a provocative title, Remember When Bitcoin Was Supposed To Be Good As Gold? It Isn’t (forbes.com). The article started,

Remember when Bitcoin was supposed to be digital gold? That’s what guys at Goldman Sachs were saying for at least two years. The theory: Bitcoin would behave as a safe haven asset, a digital one, in times of trouble. When the recession comes, everyone will want one.'

As the price slump continued into March, that theme was repeated many times. Some analysts came to the same 'safe haven' conclusion. Others came to the opposite conclusion. Here are a half dozen 'bitcoin vs. gold' articles flagged by Google News in March. Unlike the Forbes.com article, these were all from services specializing in crypto currencies:-

• 2020-03-03: Bitcoin Has 'Solidified Role' as Investors’ Digital Gold -- Grayscale (cointelegraph.com)
• 2020-03-10: Gold Bugs Smug as Bitcoin Follows Markets’ Plunge (beincrypto.com)
• 2020-03-14[?]: Everything You Need to Know About Gold and Bitcoin (coinnewsspan.com)
• 2020-03-14: Bitcoin & Gold 'Are Doing the Same Thing' in Coronavirus Crisis: Pomp (cointelegraph.com) • 'Pomp' = Anthony Pompliano
• 2020-03-17: Here’s How Bitcoin Can Bring Digital Gold Narrative Back to Life (ccn.com)
• 2020-03-24: 'Only Fools are Choosing Bitcoin' Says Gold Bug Peter Schiff (cointelegraph.com)

Half of those references are to Cointelegraph.com articles. While I was preparing this present post, Cointelegraph kept playing an embedded video:-

• 2020-04-09: The End of the “Fiat Experiment” and the Rise of Bitcoin | Interview With Anthony Pompliano (youtube.com; Cointelegraph channel)

That's the same Anthony Pompliano (aka 'Pomp') mentioned in the article titled 'Bitcoin & Gold "Are Doing the Same Thing"'. I'm not much interested in bitcoin cheerleaders, but at times he makes some good points. At other times he's talking through his cap.

Has Anthony Pompliano ever debated Peter 'Only Fools are Choosing Bitcoin' Schiff? Given that bitcoin has no intrinsic value, maybe 'digital gold' is a euphemism for 'fools gold'.