Cryptocurrency

Bitcoin has never ceased to be the digital gold

Now, more than ever, Bitcoin (BTC) continues to be the gold digital, says Fred Schebesta, technology entrepreneur and co-founder of Finder.com. Finder.com it is a company that seeks to help its clients make better decisions. How? Since they help the customer to compare the different options available to make more informed decisions. At present, Finder.com compare from crypto exchanges to credit card and insurance, managing to attract over 10 million visitors per month. Many have been the times that it has put in doubt the ability of Bitcoin to be recognised as a digital gold. However, contrary to what some might think, the future of BTC is still shining. During an interview recently published, the co-founder of Finder noted that it is still declared as a faithful believer of Bitcoin. In addition, he rejected deeply to those pessimists who, still in 2020, consider that BTC is just a fad.

Bitcoin: is it Really a store of value?

Critics of Bitcoin often get caught up in the weak argument on its volatility. However, Schebesta emphasized that the price of BTC relative to the u.s. dollar has remained stable. “For 10 years, have pointed out that Bitcoin is dead,” says Schebesta. However, “still alive. I even think that has done quite well despite everything that is happening.” In fact, if we observe with care the price of Bitcoin, at the time of writing this article, is $9.082,us $ 64, according to CoinMarketCap, marking an increase of 21,91% in the last three months. However, not all markets have had the same luck. In the last three months, the S&P 500 has accumulated a fall of 5.75 per cent, showing that BTC has had a spectacular performance. Also, unlike the rest, Bitcoin has managed to emerge despite fears over the Coronavirus in the world.

“The criptos are just starting. I believe that you only need 5 more years to demonstrate his true potential”.Fred Schebesta, Co-founder of Finder.com and CEO of HiveEx.

Also, it is relevant to note that, in the opinion of Schebesta is fairly common in the ecosystem, crypto. Recently Michael Sonnenschein, Managing Director of Grayscale Investments, during an interview with The Compound, he emphasized that Bitcoin is in a new era of investment.

“Bitcoin (BTC) has managed to solidify his role as a reserve of value and, therefore, as ‘digital gold’ in the world”.Michael Sonnenschein, director of the fund BTC largest in the world.

Did you like the content? Share it