According to Adam Back (Adam Back) Bitcoin, like gold, is a scarce asset, but unlike precious metal, is still in the process of active implementation by the global financial market.
“Bitcoin has an advantage – it looks like gold, but is still on the acceptance curve. Inflation will probably be 10-15% in the next ten years-such investment income is difficult to get from conventional assets, such as shares or rental of real estate. Bitcoin can provide such an opportunity. ”
Over the past five years, the increase in the money supply in US dollars and the euro for more than 50% stimulates the demand for reliable assets, in particular Bitcoin – this gives cryptocurrencies a chance to occupy part of the niches that previously belonged to gold, the British cryptograph said.
Barriers for the development of the crypto industry are gradually being removed, in the United States the administration of President Donald Trump took a “shredded policy”, and the regulators approved splash bitcoin-ETFThe businessman said.
Earlier, Adam Back said that the volatility of bitcoin is a temporary phenomenon in the market. As the technologies and payment systems develop about the volatility of the first cryptocurrency, it will be possible to forget.
Source: Bits
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