History suggests that digital gold can rush in an economic revolution
Bitcoin can usher in a gold rush, reshaping global finance with blockchain technology, decentralized systems and new monetary paradigms.
Opinion by: Michael Amar, co-founder of Chain of Events and general partner at v3nture
Once upon a time, in 1848, a man could walk into the wilderness on the brink of poverty and emerge, caked in mud, dust and days-old sweat, a multimillionaire. The discovery of gold in California in the mid-19th century ignited a fuse, causing explosive ripples that transformed the American economy.
In 2025, a relatively new resource, less shiny but no less brilliant and scarce, looks set to reshape the global economy and spark another race for accumulation. Only this time, there won’t be pickaxes and pans. There will be ASICs, algorithms and distributed ledger technology.
