Gold and Bitcoin

О курсе

Gold and Bitcoin demystifies two monetary assets with data. You’ll learn how bitcoin works—blockchains, hashing, mining, keys, and transactions—and why decentralization matters. Then we compare gold and bitcoin where they are similar—scarcity, low inflation, high production cost, and absent cash flows—and where they diverge: custody, divisibility, auditability, settlement, censorship resistance, volatility, market size, and institutional adoption. We connect market structure to portfolio design, showing when each asset helps during equity drawdowns or inflation shocks. You’ll also understand today’s price drivers: financialization (ETFs, tokenized gold), central-bank accumulation, de-dollarization, and reserve-currency politics, plus a policy wildcard—potential Basel III treatment of gold as a high-quality liquid asset. Finally, we confront tail risks: bitcoin’s 51% and quantum threats and gold’s technological supply shocks (advanced extraction, modern alchemy, and off-world sources). Throughout, we use the golden-constant and Golden Dilemma frameworks to anchor valuation and build scenarios. Leave with clear, evidence-based answers and practical allocation tools you can apply immediately.

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Campbell R. Harvey

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