Pure Gold: Citibank Report says Bitcoin is ‘Fiat Currency’

By November 29, 2014Bitcoin Entertainment

Ahead of Switzerland’s gold referendum this weekend, Citibank has a released a report publicly criticizing both the metal and Bitcoin – with some content being so embarrassing it could be satire.

The report, which joins the Swiss National Bank’s (SNB) earlier efforts to present gold in an unfavorable light ahead of the referendum, adds statements about Bitcoin and argues the “social superiority” of paper fiat money.

Created by research analyst Willem Buiter, “ Gold: a six […]

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