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                        Contents
                        <ul class="article__contents-list"><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h20">Far Beyond Gold</a></li><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h31">Bitcoin (BTC) Hand in Hand with Gold (XAU)</a></li></ul>
                    
                      
        
                        
    
    
    
                      
        
                        
    
    
    
                    
                  Software engineer Pierre Rochard, Co-Founder of the Satoshi Nakamoto Institute, Bitcoin (BTC) researcher, and advocate since 2013, is one of the prominent Bitcoin (BTC) advisors and educationists. Today, Rochard&nbsp;explained whether&nbsp;it was promising to convert Gold&nbsp;(XAU) holdings&nbsp;into Bitcoin (BTC).
    
    Far Beyond Gold
    
    Mr. Rochard is sure that the Bitcoin (BTC) narrative does not need to convince&nbsp;the seasoned 'gold bugs' about exchanging&nbsp;their beloved riches into the flagship cryptocurrency. In terms of use case, Bitcoin (BTC) has another target audience:
    
    <blockquote class="twitter-tweet">
    Highlighting Bitcoin’s advantages over gold is not about getting old gold holders to exchange for bitcoin.
    
    What is it about?
    
    It’s for non-gold holders, who were not persuaded by the gold thesis.
    
    Bitcoin is bringing in new hard money buyers. Gold wasn’t good enough for them.
    — Pierre Rochard (@pierre_rochard) <a rel="nofollow" target="_blank" href="https://twitter.com/pierre_rochard/status/1256705676405080064?ref_src=twsrc%5Etfw">May 2, 2020</a></blockquote>
    
    Bitcoin (BTC) creates a class of new 'hard money' buyers. According to Mr. Rochard, it is about the investors not being persuaded by the Gold (XAU) narrative. Gold (XAU) is not good enough for them.
    
    <a rel="nofollow" target="_blank" href="#">card</a>
                    
                      
        
                            Ads
    
    
    
    
                      
        
                            Ads
    
    
    
    
                    
                  
    
    The 'Old Gold (XAU)' buying class mentioned by Mr. Rochard&nbsp;has its own speaker and legend, Peter Schiff. Being an aggressive no-coiner, Schiff&nbsp;has criticized&nbsp;every aspect of Bitcoin (BTC). As previously reported by U.Today, Schiff also&nbsp;claims&nbsp;that any positive Bitcoin (BTC) price is not low enough.&nbsp;
    
    Bitcoin (BTC) Hand in Hand with Gold (XAU)
    
    The ongoing economic recession, which has been&nbsp;caused by the COVID-19 pandemic, has already resulted in a loss of&nbsp;credit for national fiat currencies. As a result, a lot of speakers announced that they foresee Bitcoin (BTC) and&nbsp;Gold (XAU) portfolios being the most reliable during these tough days.
    
    <a rel="nofollow" target="_blank" href="#">card</a>
    
    From Mike Novogratz and Tuur Demeester to Robert Kiyosaki and Dan Tapiero, investors, traders, and economists recommend increasing their&nbsp;Bitcoin (BTC) and Gold (XAU) positions amid the stock&nbsp;market volatility.
    ') (Line: 1030)
    Drupal\cryptocompare\TwigExtension\RemoveSpace->formatbody(Array) (Line: 54)
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    Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard('
                        Contents
                        <ul class="article__contents-list"><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h20">Far Beyond Gold</a></li><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h31">Bitcoin (BTC) Hand in Hand with Gold (XAU)</a></li></ul>
                    
                      
        
                        
    
    
    
                      
        
                        
    
    
    
                    
                  Software engineer Pierre Rochard, Co-Founder of the Satoshi Nakamoto Institute, Bitcoin (BTC) researcher, and advocate since 2013, is one of the prominent Bitcoin (BTC) advisors and educationists. Today, Rochard&nbsp;explained whether&nbsp;it was promising to convert Gold&nbsp;(XAU) holdings&nbsp;into Bitcoin (BTC).
    
    Far Beyond Gold
    
    Mr. Rochard is sure that the Bitcoin (BTC) narrative does not need to convince&nbsp;the seasoned 'gold bugs' about exchanging&nbsp;their beloved riches into the flagship cryptocurrency. In terms of use case, Bitcoin (BTC) has another target audience:
    
    <blockquote class="twitter-tweet">
    Highlighting Bitcoin’s advantages over gold is not about getting old gold holders to exchange for bitcoin.
    
    What is it about?
    
    It’s for non-gold holders, who were not persuaded by the gold thesis.
    
    Bitcoin is bringing in new hard money buyers. Gold wasn’t good enough for them.
    — Pierre Rochard (@pierre_rochard) <a rel="nofollow" target="_blank" href="https://twitter.com/pierre_rochard/status/1256705676405080064?ref_src=twsrc%5Etfw">May 2, 2020</a></blockquote>
    
    Bitcoin (BTC) creates a class of new 'hard money' buyers. According to Mr. Rochard, it is about the investors not being persuaded by the Gold (XAU) narrative. Gold (XAU) is not good enough for them.
    
    <a rel="nofollow" target="_blank" href="#">card</a>
                    
                      
        
                            Ads
    
    
    
    
                      
        
                            Ads
    
    
    
    
                    
                  
    
    The 'Old Gold (XAU)' buying class mentioned by Mr. Rochard&nbsp;has its own speaker and legend, Peter Schiff. Being an aggressive no-coiner, Schiff&nbsp;has criticized&nbsp;every aspect of Bitcoin (BTC). As previously reported by U.Today, Schiff also&nbsp;claims&nbsp;that any positive Bitcoin (BTC) price is not low enough.&nbsp;
    
    Bitcoin (BTC) Hand in Hand with Gold (XAU)
    
    The ongoing economic recession, which has been&nbsp;caused by the COVID-19 pandemic, has already resulted in a loss of&nbsp;credit for national fiat currencies. As a result, a lot of speakers announced that they foresee Bitcoin (BTC) and&nbsp;Gold (XAU) portfolios being the most reliable during these tough days.
    
    <a rel="nofollow" target="_blank" href="#">card</a>
    
    From Mike Novogratz and Tuur Demeester to Robert Kiyosaki and Dan Tapiero, investors, traders, and economists recommend increasing their&nbsp;Bitcoin (BTC) and Gold (XAU) positions amid the stock&nbsp;market volatility.
    ') (Line: 1030)
    Drupal\cryptocompare\TwigExtension\RemoveSpace->formatbody(Array) (Line: 54)
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    Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard('
                        Contents
                        <ul class="article__contents-list"><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h20">Far Beyond Gold</a></li><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h31">Bitcoin (BTC) Hand in Hand with Gold (XAU)</a></li></ul>
                    
                      
        
                        
    
    
    
                      
        
                        
    
    
    
                    
                  Software engineer Pierre Rochard, Co-Founder of the Satoshi Nakamoto Institute, Bitcoin (BTC) researcher, and advocate since 2013, is one of the prominent Bitcoin (BTC) advisors and educationists. Today, Rochard&nbsp;explained whether&nbsp;it was promising to convert Gold&nbsp;(XAU) holdings&nbsp;into Bitcoin (BTC).
    
    Far Beyond Gold
    
    Mr. Rochard is sure that the Bitcoin (BTC) narrative does not need to convince&nbsp;the seasoned 'gold bugs' about exchanging&nbsp;their beloved riches into the flagship cryptocurrency. In terms of use case, Bitcoin (BTC) has another target audience:
    
    <blockquote class="twitter-tweet">
    Highlighting Bitcoin’s advantages over gold is not about getting old gold holders to exchange for bitcoin.
    
    What is it about?
    
    It’s for non-gold holders, who were not persuaded by the gold thesis.
    
    Bitcoin is bringing in new hard money buyers. Gold wasn’t good enough for them.
    — Pierre Rochard (@pierre_rochard) <a rel="nofollow" target="_blank" href="https://twitter.com/pierre_rochard/status/1256705676405080064?ref_src=twsrc%5Etfw">May 2, 2020</a></blockquote>
    
    Bitcoin (BTC) creates a class of new 'hard money' buyers. According to Mr. Rochard, it is about the investors not being persuaded by the Gold (XAU) narrative. Gold (XAU) is not good enough for them.
    
    <a rel="nofollow" target="_blank" href="#">card</a>
                    
                      
        
                            Ads
    
    
    
    
                      
        
                            Ads
    
    
    
    
                    
                  
    
    The 'Old Gold (XAU)' buying class mentioned by Mr. Rochard&nbsp;has its own speaker and legend, Peter Schiff. Being an aggressive no-coiner, Schiff&nbsp;has criticized&nbsp;every aspect of Bitcoin (BTC). As previously reported by U.Today, Schiff also&nbsp;claims&nbsp;that any positive Bitcoin (BTC) price is not low enough.&nbsp;
    
    Bitcoin (BTC) Hand in Hand with Gold (XAU)
    
    The ongoing economic recession, which has been&nbsp;caused by the COVID-19 pandemic, has already resulted in a loss of&nbsp;credit for national fiat currencies. As a result, a lot of speakers announced that they foresee Bitcoin (BTC) and&nbsp;Gold (XAU) portfolios being the most reliable during these tough days.
    
    <a rel="nofollow" target="_blank" href="#">card</a>
    
    From Mike Novogratz and Tuur Demeester to Robert Kiyosaki and Dan Tapiero, investors, traders, and economists recommend increasing their&nbsp;Bitcoin (BTC) and Gold (XAU) positions amid the stock&nbsp;market volatility.
    ') (Line: 1030)
    Drupal\cryptocompare\TwigExtension\RemoveSpace->formatbody(Array) (Line: 54)
    __TwigTemplate_6d9d18caa33c92f0e9ed6e986fd56301->doDisplay(Array, Array) (Line: 405)
    Twig\Template->displayWithErrorHandling(Array, Array) (Line: 378)
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    Twig\Template->render(Array) (Line: 55)
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    Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard('
                        Contents
                        <ul class="article__contents-list"><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h20">Far Beyond Gold</a></li><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h31">Bitcoin (BTC) Hand in Hand with Gold (XAU)</a></li></ul>
                    
                      
        
                        
    
    
    
                      
        
                        
    
    
    
                    
                  Software engineer Pierre Rochard, Co-Founder of the Satoshi Nakamoto Institute, Bitcoin (BTC) researcher, and advocate since 2013, is one of the prominent Bitcoin (BTC) advisors and educationists. Today, Rochard&nbsp;explained whether&nbsp;it was promising to convert Gold&nbsp;(XAU) holdings&nbsp;into Bitcoin (BTC).
    
    Far Beyond Gold
    
    Mr. Rochard is sure that the Bitcoin (BTC) narrative does not need to convince&nbsp;the seasoned 'gold bugs' about exchanging&nbsp;their beloved riches into the flagship cryptocurrency. In terms of use case, Bitcoin (BTC) has another target audience:
    
    <blockquote class="twitter-tweet">
    Highlighting Bitcoin’s advantages over gold is not about getting old gold holders to exchange for bitcoin.
    
    What is it about?
    
    It’s for non-gold holders, who were not persuaded by the gold thesis.
    
    Bitcoin is bringing in new hard money buyers. Gold wasn’t good enough for them.
    — Pierre Rochard (@pierre_rochard) <a rel="nofollow" target="_blank" href="https://twitter.com/pierre_rochard/status/1256705676405080064?ref_src=twsrc%5Etfw">May 2, 2020</a></blockquote>
    
    Bitcoin (BTC) creates a class of new 'hard money' buyers. According to Mr. Rochard, it is about the investors not being persuaded by the Gold (XAU) narrative. Gold (XAU) is not good enough for them.
    
    <a rel="nofollow" target="_blank" href="#">card</a>
                    
                      
        
                            Ads
    
    
    
    
                      
        
                            Ads
    
    
    
    
                    
                  
    
    The 'Old Gold (XAU)' buying class mentioned by Mr. Rochard&nbsp;has its own speaker and legend, Peter Schiff. Being an aggressive no-coiner, Schiff&nbsp;has criticized&nbsp;every aspect of Bitcoin (BTC). As previously reported by U.Today, Schiff also&nbsp;claims&nbsp;that any positive Bitcoin (BTC) price is not low enough.&nbsp;
    
    Bitcoin (BTC) Hand in Hand with Gold (XAU)
    
    The ongoing economic recession, which has been&nbsp;caused by the COVID-19 pandemic, has already resulted in a loss of&nbsp;credit for national fiat currencies. As a result, a lot of speakers announced that they foresee Bitcoin (BTC) and&nbsp;Gold (XAU) portfolios being the most reliable during these tough days.
    
    <a rel="nofollow" target="_blank" href="#">card</a>
    
    From Mike Novogratz and Tuur Demeester to Robert Kiyosaki and Dan Tapiero, investors, traders, and economists recommend increasing their&nbsp;Bitcoin (BTC) and Gold (XAU) positions amid the stock&nbsp;market volatility.
    ') (Line: 1030)
    Drupal\cryptocompare\TwigExtension\RemoveSpace->formatbody(Array) (Line: 54)
    __TwigTemplate_6d9d18caa33c92f0e9ed6e986fd56301->doDisplay(Array, Array) (Line: 405)
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Bitcoin (BTC) Brings New Hard Money Buyers, Expert Says

Sun, 05/03/2020 - 14:37
article image
Vladislav Sopov
The concept of Bitcoin (BTC) as a creation for new economic classes was explained by Tuur Demeester at the Bitcoin Reformation. Are the gold bugs still in play?
Bitcoin (BTC) Brings New Hard Money Buyers, Expert Says
Cover image via stock.adobe.com
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Software engineer Pierre Rochard, Co-Founder of the Satoshi Nakamoto Institute, Bitcoin (BTC) researcher, and advocate since 2013, is one of the prominent Bitcoin (BTC) advisors and educationists. Today, Rochard explained whether it was promising to convert Gold (XAU) holdings into Bitcoin (BTC).

Far Beyond Gold

Mr. Rochard is sure that the Bitcoin (BTC) narrative does not need to convince the seasoned 'gold bugs' about exchanging their beloved riches into the flagship cryptocurrency. In terms of use case, Bitcoin (BTC) has another target audience:

Bitcoin (BTC) creates a class of new 'hard money' buyers. According to Mr. Rochard, it is about the investors not being persuaded by the Gold (XAU) narrative. Gold (XAU) is not good enough for them.

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The 'Old Gold (XAU)' buying class mentioned by Mr. Rochard has its own speaker and legend, Peter Schiff. Being an aggressive no-coiner, Schiff has criticized every aspect of Bitcoin (BTC). As previously reported by U.Today, Schiff also claims that any positive Bitcoin (BTC) price is not low enough. 

Bitcoin (BTC) Hand in Hand with Gold (XAU)

The ongoing economic recession, which has been caused by the COVID-19 pandemic, has already resulted in a loss of credit for national fiat currencies. As a result, a lot of speakers announced that they foresee Bitcoin (BTC) and Gold (XAU) portfolios being the most reliable during these tough days.

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From Mike Novogratz and Tuur Demeester to Robert Kiyosaki and Dan Tapiero, investors, traders, and economists recommend increasing their Bitcoin (BTC) and Gold (XAU) positions amid the stock market volatility.

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About the author

Blockchain Analyst & Writer with scientific background. 6+ years in IT-analytics, 3+ years in blockchain.

Worked in independent analysis as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)