Matrixport, the cryptocurrency company of the famous Chinese billionaire Jihan Wu, published a remarkable report based on the comparison of Bitcoin (BTC) and gold.
Matrixport made detailed statements about Bitcoin and gold in a report published on Monday, October 9. Bitcoin for gold a digital alternative The report states that there is a reasonable position between both investment instruments. huge difference in market value mentioned.
Bitcoin is better than gold The report clearly argues that Bitcoin market value 540 billion dollars While it is stated that this amount is the market value of gold to 10.8% It was emphasized that it coincided with The report also spot gold exchange traded funds (ETFs) 200 billion dollars While it is mentioned that the spot Bitcoin ETF applications are approved, it will be worth Bitcoin. 20 – 30 billion dollar entry will happen and that a serious rise It was claimed that it would bring
The US Securities and Exchange Commission (SEC) recently postponed all spot Bitcoin ETF applications. Your applications In the first quarter of 2024 is expected to come to a conclusion.
Bitcoin is more advantageous
In the report submitted under the signature of Matrixport, Bitcoin is compared to gold. to your advantages was also included. The company takes on Bitcoin’s rival more trustworthy And innovator While stating that there is a reason for this easily portable existence and cold wallets The autonomy it provides advantage has been shown.
Matrixport research manager Markus Thielen In his statement in the report, he described gold as an outdated investment tool and included the restrictions it brought with it:
Even today, storing assets in the form of gold is not only obsolete in the digital age, but also imposes significant restrictions when crossing borders. Bitcoin offers a solution to this dilemma, allowing value to move quickly and relatively inconspicuously across borders. Therefore, given the current state of technological developments, bitcoin’s primary roles will likely be as a store of value and a speculative financial asset, similar to gold.