MacroVoices · Thursday, August 27, 2026
Daniel Lacalle discusses gold and cryptocurrency as potential alternatives to the US dollar in a diversifying global financial system. While gold is recognized as a traditional safe haven outside government control, cryptocurrency, particularly Bitcoin, is noted for its decentralized, global, and scarce characteristics, though its volatility remains a challenge.
“Now, what are those alternatives? Gold has always been a safe haven. It's a store of value that is outside of the control of any government.”
“And then you have cryptocurrency. Cryptocurrency, particularly Bitcoin, is also outside of government control. It's decentralized, it's global, and it's scarce.”
“The challenge with cryptocurrency, of course, is volatility. It's still a very new asset class, and its price can fluctuate wildly.”