Economist Explains Why Gold Is Beating Bitcoin | Bob Murphy

The conversation between Anthony Pompliano and Dr. Bob Murphy, an Austrian economist, centers on the U.S. economy, the Federal Reserve, and investment strategies. Murphy suggests gold's recent outperformance over Bitcoin is due to fears of a "Mad Max scenario" and a shift towards a multipolar world, with China rivaling U.S. economic power. He critiques the Fed's independence, viewing it as politically influenced and questions the accuracy of official U.S. economic data, suggesting it downplays inflation. Murphy also discusses stablecoins, noting their potential to disrupt traditional banking by offering interest-bearing alternatives, and highlights regulatory challenges and systemic risks associated with their reserves.