"Gold and Economic Freedom", Alan Greenspan, 1966. Source: https://constitution.org/1-Activism/mon/greenspan_gold.htm

This article gives a deep insight into why Bitcoin is opposed by the establishment and by hysterical socialist proponents such as Elizabeth Warren.

A few excerpts:

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In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. If there were, the government would have to make its holding illegal, as was done in the case of gold.

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The financial policy of the welfare state requires that there be no way for the owners of wealth to protect themselves.

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This is the shabby secret of the welfare statists' tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists' antagonism toward the gold standard.

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"An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions. They seem to sense — perhaps more clearly and subtly than many consistent defenders of laissez-faire — that gold and economic freedom are inseparable, that the gold standard is an instrument of laissez-faire and that each implies and requires the other."

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