The Currency Analytics
By Julie Binoche
Bitcoin (BTC) Not Approximation to Gold
It was Microstrategy investing in Bitcoin and it is now the Square’s following suit in the process of investing in BTC.
Michael Saylor stated, “Bitcoin is the first digital monetary system capable of storing all the money in the world for every individual, corporation, and government in a fair…
Barry Silbert, quoted a statement made by Bank of England Governor Andrew Bailey who stated, “I have to be honest, it is hard to see that Bitcoin has what we tend to call…
One of the onlookers tried to think through the statements and made a comment stating, what is intrinsic value of fiat currencies?
With Square’s recently announcing $50 million investment in Bitcoin (BTC) it appears to be an act that provides a strong vote of confidence for the future of Bitcoin.
JP Morgan wrote that very quickly several other payment companies will follow the steps of Square’s failing which they might have to risk getting out of a growing segment.
Researchers have to state that Millennials are using Square’s Cash App to buy BTC. They have also considered other purchases including that of Microstrategy and have stated…
Sydney Ifergan, the crypto expert tweeted: “Bitcoin (BTC) is a well evolved version of money.
Willy Woo, someone who is pioneering on-chain market analysis have to state that Bitcoin is not an approximation to Gold, in fact Gold is an approximation to Bitcoin.
Bitcoin is likely to surpass the Market Cap of Gold though not this month, maybe not this year, but definitely one day.
Some of them draw an analogy stating Microsoft word has value, because it is useful for writing stuff. Same with Bitcoin.
Apart from Scarcity Bitcoin is considered to be a software platform which gold can never be close to be.