October 19, 2021

Bitcoin will become an alternative to gold, which will lead to its growth by 2-3 times

Bitcoin will become an alternative to gold, which will lead to its growth by 2-3 times

Bitcoin is not “digital gold,” Pfeffer Capital founder John Pfeffer said at a Future conference. of Digital Assets in London. According to the entrepreneur, sooner or later, the first cryptocurrency will replace the precious metal, which will lead to its price increase by 2-3 times, reports RBC Crypto.

“We rely on Bitcoin, because it is included in our investment portfolio ... This is an asset that seeks to become digital gold and gives great hope. Sooner or later it will happen. ”- sure Pfeffer.

The founder of Ikigai Asset agreed with this.Management Travis Kling. He noted that Bitcoin has special investment characteristics that become more attractive during financial crises. Investors buy the first cryptocurrency not because it is a means of saving, but because it may become one in the future, Kling emphasized.

In November, two more experts compared Bitcoin withdigital gold. Silvergate head Alan Lane suggested the main digital asset could become an alternative to the precious metal, turning into a global reserve currency. On November 19, analyst Ronnie Moas wrote that the first cryptocurrency is a more reliable means of maintaining value than the dollar, due to waning inflation.

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