Cryptocurrency exchange Bobby Zagotta, CEO of BitStamp US, of bitcoin With the increasing adoption of gold He said it could be traded.
Bitcoin Will Replace Gold!
Speaking to CNBC, Zagotta said: of bitcoin over the years “digital gold” He stated that he had earned the term and could surpass gold as a store of value.
The hot agenda of recent days is due to the war between Russia and Ukraine and the expected interest rate hike from the FED. in the cryptocurrency market Noting that volatility has increased, Zagotta argued that the uncertainty in the global markets distracts crypto investors from taking risks.
“The constant rise in the prices of goods and services, especially the uncertainty in the global markets, the COVID-19 epidemic and the Russia-Ukraine war have caused many investors to stablecoins It caused him to start investing in less volatile assets, including
Referring to the debate over the years that Bitcoin is a better alternative to gold as a store of value, Zagotta stated that he believes Bitcoin is an anti-inflation tool and an alternative investment tool, and said that if BTC is adopted more widely, it will play the same role as gold.
At this point, the famous CEO, who opened a parenthesis to his words, underlined that a clear regulation is necessary for Bitcoin to be more accepted.
“Joe Biden’s Executive Order is a Strong Step for the USA!”
BitStamp US CEO welcomed in crypto industry US President Joe Biden about cryptocurrencies executive order He also spoke about
millions in the USA cryptocurrency Expressing that he is an investor, Zagotta said that the US government cryptocurrencies stated that it is really important to recognize it as legitimate and valid.
Zagotta added that he believes the executive order is a powerful move and will bring confidence to investors.
“The executive order, from what I’ve read, is focused on innovation and competitiveness for the United States.
I think this is incredibly important. President Biden is not only saying that the United States should accept crypto, but that it should be the leader in this emerging global arena.”
*Not investment advice.