Bitcoin strengthens its status as "digital gold"

Abra CEO Bill Barhydt said that Bitcoin has the right to be called “digital gold” because not onlyhas a huge potential for development, but alsoalready has many advantages over fiat and precious metals. According to the businessman, this position is often expressed by many financial experts, but their opinion is underestimated.

Barkhidt on the prospects for the development of cryptocurrency

"Bitcoin since its inception several timeschanged destination. Cryptocurrencies today are not only a safe haven asset, but also a full-fledged payment instrument. It is hard to believe that almost everyone who is involved in the financial industry knows about the existence of coins. A few years ago, they were considered something like an Internet trend that might not have developed. "- said Barkhidt.

CEO Abra in conversation with PeterMcCormack also noted that Bitcoin, at a value of one dollar, has already been used as a payment instrument. Then the daily number of transactions began to grow, which attracted the attention of new investors.

Bitcoin now has a fullecosystem and their own adherents. Some of its holders even prefer to completely abandon fiat and use only coins due to the possibilities in each individual country.

Barhidt also said that the global financialthe system for the first time in history received "decentralized minting tools", by which he means mining. Coins are not created for quantity, but play the role of controlling assets, on which the blockchain capabilities of a particular asset directly depend.

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