LE35: Josh Scigala - How Bitcoin Enhances Gold
My guest today is Josh Scigala, Co-founder and CEO of Vaultoro, a gold vaulting company which has integrated bitcoin wallets and payments. Basically, Vaultoro is a welcomed on-ramp for hard money advocates (aka “Gold Bugs”) to easily preserve their value in the precious metal while opening them up to the amazing technological advantages of crypto-currencies and Bitcoin.
We all know that Gold is a great hedge against inflation (aka when governments print too much money), but what about Bitcoin? Do Gold and Bitcoin only compete with each other or do they have differences that are complimentary? Should we choose one or the other or is the best option a combination of the two different “free market” monies?
Josh didn’t start in precious metals and Bitcoin, but instead his first entrepreneurial experience was creating a website where women could exchange clothes. He was creating the “sharing economy” long before Uber or AirBnB ever