As the global fiat system is starting to show growing signs of distress, investors are increasingly questioning whether it is better to hedge against fiat with gold or with cryptocurrencies.Gold is often seen as being at a disadvantage relative to cryptocurrencies because it is not as practical in terms of settling payments.Cryptocurrencies are seen as being at a disadvantage relative to gold because most have no intrinsic value, while nations intent on defending their fiat currencies are likely to outlaw cryptocurrencies.With central banks hoarding large volumes of gold, it is more than likely that gold may become collateral for fiat, while cryptocurrencies will be seen as the enemy of fiat defenders.Taking a great deal of uncertainty into account, investors might consider hedging against fiat with gold, following the lead of central banks, heeding the advice to never fight the Fed.
