Home Bitcoin News Bitcoin (BTC) Is More of a Store of Value Asset than Just a Currency

Bitcoin (BTC) Is More of a Store of Value Asset than Just a Currency

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Reportedly, it is very obvious that rich investors and banks are getting in to action with Bitcoin.  It is true that not too many banks offer investment services with Bitcoin in the portfolio.

“It’s too much risk for banks to put Bitcoin in the portfolio, that’s generally the reason.”

PayPal is now permitting the use of the 11-year-old Bitcoin.  The volatility risk is still there. Bloomberg reports, “Still, regulators worldwide are revamping their framework to regulate cryptocurrency intermediaries as conventional financial institutions.”

And, all these just convey that BTC is getting wider acceptance.  Several investors are beginning to believe in that BTC will shake the financial world.  The price of BTC doubled and the recent rally has already intrigued wealthy investors in a new way.

Wealthy investment portfolios are beginning to add BTC and it is gaining reputation as a new asset class among those who have the capacity to invest big.  The interest is more among those who already are in to private equity and digital assets.

With the price rising, and confidence on BTC building newbies are choosing to HODL.  However, analysts have to state that a meltdown is very near. It is also important to recollect that several high rallies of BTC were also short lived.

People are wondering about high big the chances are for the future improvement in the price of BTC.

Worthy to note, Mark Cuban stated, “But, the entire time, I said it was a store of value where, if you could get people to believe that it was a better alternative than gold, because of its algorithmic scarcity, the price is going to go up.”

Reportedly, about 60% of Mark Cuban’s cryptocurrency holdings are in Bitcoin (BTC). While he holds BTC and ETH, he believes that BTC is a better store of value asset and ETH is the closest to a true currency.

Mark Cuban has been repeatedly stating that BTC was more than just a currency, but a store of value asset.

He also expressed that he is very sure of Bitcoin’s superiority to gold as a better store of value asset, and that he would never sell it for anything. 

Also, MicroStrategy reported to have owned 91,326 Bitcoin that they bought for $2.21 billion have a stash worth now of more than $5 billion. The current BTC price looks like an attractive entry point per those who believe in BTC.

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dan saada

Dan hold a master of finance from the ISEG (France) , Dan is also a Fan of cryptocurrencies and mining. Send a tip to: 0x4C6D67705aF449f0C0102D4C7C693ad4A64926e9

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