Whatever Kurgman says, it is good to keep in mind that he is an economist turned partisan-politics hack. Whatever he looks at, he looks at it from his lens of ideological reasoning.
His ideology clearly aligns with the status quo of economic policy, promoting quantitative easing and keeping up the artificial smokescreen of the superiority of the US dollar.
Therefore any competing ideas (e.g. gold, bitcoin) need to be disregarded, especially as economists by now have realized the importance of trust and its cognitive impact on markets.
Therefore any competing ideas (e.g. gold, bitcoin) need to be disregarded, especially as economists by now have realized the importance of trust and its cognitive impact on markets.