Leading cryptocurrency Bitcoin (BTC), Although it has reached a value of 1 trillion dollars in a short time, it is estimated that it still has a lot of places to go. Especially the statements made by institutional investors and the latest steps they have taken significantly increase the acceptance of the crypto money industry. This is a development that can directly increase the acceptance and market value of Bitcoin.
Bitcoin Becomes the New Gold
Marion Laboure, a senior analyst at Deutsche Bank, one of the largest banks in the world, made an important statement about the leading cryptocurrency Bitcoin. Laboure stated that the demand for assets that are not controlled by governments has increased tremendously, emphasizing that the leading cryptocurrency is one of them. Emphasizing that Bitcoin has a chance to become a digital version of gold, Laboure stated that gold will be replaced by Bitcoin:
Gold still maintains its role that has been going on for centuries. I personally think Bitcoin will be the digital gold of the 21st century. Bitcoin will come to the fore with this aspect and all investors will turn to it.”
Laboure emphasized that Bitcoin’s protection against inflation is advantageous for institutional investors, and underlined that Bitcoin will now come to the fore instead of gold.
Stating that it is important for Bitcoin to have a limited supply like gold, but not to have a logistics limitation, the famous analyst underlined that BTC is much more risky. Reminding that Bitcoin is much more volatile, the analyst invited everyone to be careful in this regard.
Bitcoin will replace gold.
— Dan Held (@danheld) September 26, 2021
After these statements, the famous investor Dan Held also made a statement that Bitcoin will replace gold.