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While the price of bitcoin was testing new monthly lows over the weekend, an investor was much more optimistic, predicting better days for cryptocurrency.
Alistair Milne, chief investment officer at Atlanta Digital Currency Fund, has announced a strong social media return for Bitcoin.
Beginning by explaining where bitcoin was before, Milne claims This bitcoin became popular, so "the fear of missing out" came back.
"Investors are now very much aware that bitcoin is comparable to gold trading with a leverage multiplied by 100 and that, next year, Bitcoin's inflation / production rate will be actually "inferior * to that of gold," he wrote. "Nobody seems to doubt the usefulness of gold as an investment, it should not in no way doubt gold 2.0, "said Milne in a next tweet.
"It takes time for the feeling to change. 30 to 50 million people with crypto are not the top of the industry ", Milne added. "The next uptrend will decide which public blockchains will persist for the next 100 years. I believe that bitcoin is currently the only thing safe. "
The story "gold 2.0" is not new. EWN noted that Dan Held, a former Blockchain executive and Uber Technologies Inc., argues that bitcoin is a store of value rather than pure money. Held argues that while bitcoin can be used as an online trading medium, it has been "built for the purpose" to be similar to gold rather than a decentralized digital version of the US dollar.
The Winklevoss Twins also said that bitcoin is "better for gold than gold itself".
Be it gold 2.0 or a medium of exchange, the price of bitcoin has continued to fall. Starting at 9:45 pm EST, bitcoin traded at $ 3,543.22, down 4% over the last 24 hours and up slightly from the daily minimum of $ 3,506.67. The lowest Bitcoin in the last month was $ 3,497.67 on January 14th.
Picture: Pixabay
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