Gavin Michael, CEO of crypto exchange Bakkt (BKKT), said that the view of Bitcoin (BTC) as digital gold has started to “block” the cryptocurrency industry, while Galaxy Digital CEO Mike Novogratz said Bitcoin’s “prime time” (most successful, He thinks he is ready for the bright period.
Gavin Michael and Mike Novogratz 29-30 March “Barclays”, which was held virtually between Crypto and Blockchain Summitin their presentations in bitcoin They shared their last thoughts about it.
MichaelBitcoin digital gold referring to being seen as “representing gold in a safe” not for “a peer-to-peer digital currency“It was designed to be,” he said.
Seen as digital gold bitcoinin fact “many more features that we can take advantage of” stating that he has Michael also Bitcoin besides the dollar legal tender not adopted as El Salvador‘s and its platform via cryptocurrencies tip enabling micropayments by adding the feature twitter‘of, Satoshi Nakatomo of the Bitcoin network‘s original “peer-to-peer digital payment systemHe said it gave him hope that he was returning to his vision.
Novogratz in his presentation Praises Bitcoin as digital gold found .bitcoinThe primary use of “really bad financial managementwho said it was to protect against Novagratz, Russianational currency of the collapse of the ruble and FedAfter the period of coined money US financial problems showed an example.
Novogratz Moreover individuals, institutions and pension funds stated that its use is increasing day by day among bitcoinHe said that ‘s is ready for the “prime time”.
Bank of America (BofA) In a research report published last week, bitcoinof lately store of value as or hedge against inflation more than an asset used for a risk asset He said he was treated as
Analysts also report bitcoin with S&P 500 correlation between stock index January at the end of the month all-time high (ATH) that it rose but has since fallen, bitcoin and gold that the correlation between June since almost that it’s close to zero had placed.
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