After the correction, the flagship digital coin continues to recover in price and at the time of preparation of the material is trading at $ 56.8 thousand. February 21. Fluctuations in quotations are accompanied by various statements of media people about bitcoin, writes RBC Crypto.
Tim Bond and Libertarian Anarchism
Tim Bond, partner and portfolio manager at Odey Asset Management, called Bitcoin “disgusting”, “meaningless” and “damaging to the environment.” In his opinion, cryptocurrency is an extreme form of libertarian anarchism.
“If bitcoin begins to supplant fiat currencies, the ability of governments to tax, spend and redistribute will be severely limited,” Bond explained.
Kjell Inge Rocke and the new core of the financial system
Norwegian billionaire Kjell Inge Rokke and his oil company Akar ASA have invested $ 58 million in bitcoin. In his letter to shareholders, Rokke announced the creation of a new division, Seetee AS, which will study the potential of the main digital coin. The businessman called Bitcoin “the new core of the financial system.”
Rocque expressed confidence that Bitcoin’s success is “almost inevitable.” In his opinion, the question is not if it will happen, but when it will happen.
Lee Joo Yeol and the temporary rally
The head of the Bank of Korea, Lee Joo Yeol, believes that the rally in bitcoin quotes is a temporary effect caused by the interest in the main digital coin from large investors. According to him, fluctuations in cryptoasset quotes will continue, and high volatility will prevent digital coins from becoming a full-fledged payment instrument.
“Crypto assets have no intrinsic value. It is very difficult to predict the price of bitcoin, since it is extremely volatile, “said the head of the Bank of Korea.
Jesse Powell and the $ 1 million course
Kraken CEO Jesse Powell predicted that the value of bitcoin will rise to $ 1 million in the next ten years. According to him, the first cryptocurrency “tends to infinity” as people change their attitudes towards it. Now the main digital coin is viewed as an asset that helps to preserve savings and protect them from risks. Powell did not rule out that in the future, humanity will begin to calculate all prices in bitcoins, not dollars.
Mark Cuban and “dead gold”
Another interesting thought was expressed by the billionaire and owner of the basketball club “Dallas Mavericks” Mark Cuban. He believes that gold will never change, which is why it dies as a store of value. At the same time, cryptocurrencies continue to evolve, new applications appear, they are getting better, faster and cheaper.
Cuban noted that gold quotes are just as artificially inflated as cryptocurrency rates. However, according to the billionaire, if a ring can be made of a precious metal, then Bitcoin and Ethereum are technologies that can provide a smooth transfer of funds and can be used in an unlimited number of different kinds of applications, both for business and personal.
Kevin O’Leary and the growth of capitalization to $ 20 trillion
Canadian investor and TV host Kevin O’Leary predicted a $ 20 trillion market cap for Bitcoin. In his opinion, in the future, bitcoin will become a stable financial instrument, since the cryptocurrency will be present in many investment portfolios to protect against risks. The investor noted that the cost of Bitcoin at $ 100 thousand does not seem crazy to him
Prior to that, O’Leary announced plans to invest 3% of his portfolio in bitcoin. It is noteworthy that the investor was never able to decide what bitcoin is. According to him, cryptocurrency can be an asset, property and payment instrument at the same time.
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