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Intelligence Squared

Debate: Bitcoin vs Gold with Anthony Scaramucci and Peter Schiff

Intelligence Squared

Intelligence Squared

News, Arts, News Commentary, Society & Culture

4.21.2K Ratings

🗓️ 24 August 2021

⏱️ 53 minutes

🧾️ Download transcript

Summary

Since the world economy was plunged into crisis as a result of COVID-19 many economists have predicted a period of great instability. In normal times investors would seek to hedge against volatility by buying gold. But this time some are putting their money elsewhere – into Bitcoin and other digital assets. And that raises a fundamental question: in a time of rising inflation, will Bitcoin or gold be the trusted store of value and asset of the future? Anthony Scaramucci, Founder and Managing Partner of SkyBridge Capital and former White House Director of Communications goes head to head with Peter Schiff, chairman of Schiff Gold and chief global strategist for Euro Pacific Capital. The debate is hosted and chaired by Anne McElvoy, Senior Editor at The Economist. Register FREE for next Intelligence Squared Crypto debates in partnership with EQONEX via the links below: Crypto vs the Environment: https://bit.ly/3sGPq48 Crypto Can Bank the Unbanked: https://bit.ly/3zaYL6B Support this show http://supporter.acast.com/intelligencesquared. See acast.com/privacy for privacy and opt-out information. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

Hello, I'm Rory Stewart, and I'd like to tell you about an intelligent squared event

0:04.8

I'm doing with the classicist author and broadcaster Mary Beard. Together we'll be discussing

0:10.1

politics and power from the Caesars to Sunak, who gets to Winpar, who is excluded. Does power

0:16.6

always corrupt or other examples of leaders who've maintained their integrity while an authority?

0:22.3

And how does the nature of power vary across different times and cultures? These are just some of

0:26.8

the questions that Mary and I will be trying to answer. In person tickets are now sold out,

0:31.7

but you can still watch online on the 13th of November at 7pm BST. Put your questions

0:36.9

to us live as we discuss power and politics down the ages. Hello and welcome to intelligence

0:42.8

squared crypto, our new debate series in partnership with Equinex, the Nasdaq listed digital advisory,

0:48.3

and this series will be debating the biggest questions around the rise of cryptocurrency,

0:52.3

and if you do enjoy this first debate you can find links to register for free

0:56.1

for the next two debates in the episode description. We hope you enjoy it,

0:59.5

and now let's go to the host, senior editor, the economist newspaper, Mikel Voey.

1:04.0

Hello and welcome to intelligence squared crypto, a new debate series from intelligence squared

1:10.0

in partnership with Equinex. In the coming weeks we'll be bringing together some leading voices

1:15.6

to try to bridge the gap between the crypto evangelist and the skeptics and to debate the

1:21.4

disruptive rise of cryptocurrency in the future of money itself. I'm your host, Anne McElvoy

1:28.7

from the economist, and tonight's debate is Bitcoin vs Gold. Before we begin, I'm going to ask you

1:36.8

the audience to submit a pre-vote to get a sense of where your opinions lie at the outset.

1:43.2

Let's see if you're persuaded by my two mother's guests tonight. Please vote now for either Bitcoin

1:50.2

or Gold using a poll coming up on the screen. If you're unsure, vote undecided.

1:57.6

Since the world's economy was plunged into crisis as a result of COVID-19, many economists

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