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Bitcoin to become digital
Alistair Milne, Chief Investment Officer at Digital Currency Fund, recently explained why he was "always optimistic" about Bitcoin (BTC) in a Twitter feed.
Investors are now very much aware that Bitcoin is comparable to gold trading with a leverage multiplied by 100 and that next year the Bitcoin inflation / production rate will be in reality * inferior * to that of gold.
Nobody seems to doubt the usefulness of gold as an investment, not more than gold 2.0
5/6– Alistair Milne (@alistairmilne) January 19, 2019
In a series of six tweets, the investor, who had for the first time tweeted about crypto-currency so unpopular in 2011, explained that Bitcoin's value proposition was inflated at during the last years. Specifically, he drew attention to adoption, noting that each successive "wave" swells even more. In this logic, he explained that if the cryptography market was to work, BTC likely surpbaded its previous record of $ 20,000, soaring up to six digits.
Milne also wrote to the general public, saying that millions, if not billions, of people around the world had heard the word "Bitcoin" in a semblance of resemblance. And as such, when FOMO intervenes, both for institutions and small investors, the pressure of purchases is likely to be stronger than ever.
Finally, the Digital Currency Fund Fund C-Suiter said that Bitcoin had also seen its value storage proposal become more apparent. Specifically, he noted that Bitcoin investors are now "very aware that the BTC is like trading gold with a leverage multiplied by 100", as well as the fact that the rate of 39, flagship inflation of cryptocurrency would inferior than that of the precious metal. And, as "nobody seems to doubt the usefulness of gold," added Milne, they should not doubt the potential of BTC, the de facto digital version of the badet under the responsibility of Fort Knox.
The story of gold 2.0
Milne is not the only investor to consider the value of Bitcoin as the second effective coming of gold. In a 47-part discussion thread, Dan Held, a former Blockchain and Uber executive, explained that Bitcoin is essentially a store of value, rather than pure money. This does not mean that BTC can not be used as a means of online exchange. However, Held was adamant that the flagship cryptocurrency was "designed for this purpose" to be similar to gold, rather than a decentralized digital version of the US dollar.
The crypto promoter pointed out that Satoshi's teachings, so to speak, accentuated the fact that Bitcoin is more than digital money. Specifically, the creator of the cryptocurrency mentioned the concepts of gold, long-term growth and marketability of Bitcoin. The crypto-currency godfather, so to speak, even mentioned the rarity sometimes, with Held claiming that Satoshi "points out that the rarity of Bitcoin gives it value … as SoV".
Held is not the only one to boast this feeling. Far from, in fact.
The Winklevoss twins, co-founders of the Gemini Exchange, recently claimed that Bitcoins "are better for gold than for gold". Twin Tyler noted that as this industry develops, BTC would continue to absorb a portion of the market capitalization of gold. the new generation cryptocurrency transmits its physical counterpart (probably worse).
Messari general manager Ryan Selkis also spoke about this sentiment. Selkis pointed out that, in the face of the inflationary recession that is coming, consumers will flock to easily accessible SUVs like Bitcoin. And it's interesting to note that BTC is easier to buy, store and sell than gold. Selkis noted that investors may be turning to digital money.
Lou Kerner also recently spoke. Kerner, the founding partner of Crypto Oracle, recently told Bloomberg that BTC was "only a better way to store your value." Kerner emphasized that portability, ease of use, divisibility, and scarcity of cryptocurrency make it a viable alternative to the key. precious metals and will allow BTC to eventually overcome the five-digit price limit.
Gold Vault Title Courtesy of Descryptive.com via Flickr
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