Spender Bogart, stated, "Forone, this is natural for any asset that has fixed supply, but fluctuatingdemand, particularly one like Bitcoin that’s early on in its life cycle.”

The above were the statements ofBogart when he was chatting about the wild price swings of Bitcoin and Librafrom Facebook.

Several other assets are used asa store of value, particularly real estate. He also stated that people tend to buy art as it is beautiful. He also clarified that people put their moneyinto Vintage Ferrari as it is a scarce asset and a store of value. Though theyare stored in warehouses and vaults, they are valuable. There will not be a new Picasso or a newFerrari. It is a kind of store of value.

However, Bogart had to state thatanyone willing to invest in Bitcoin should do so in a conservative manner. They will have to allocate only 1% or lessthan that when investing in Bitcoin or any other cryptocurrency. He also stated that they should not considertouching that asset in 3 years after buying it.

When talking about Libra, hestated, “I think they’re going to get it out, and I think it’ll probably besuccessful.” However, he clarified that Libra and Bitcoin are different animalsand that they might not compete in the same market.

Mainstreammedia looks at Bitcoin with intense skepticism. One of the recent headlines read, “Sorry, Bitcoin Fans. Digital CurrencyIs Still a Dream.”

TylerCowen, in the year 2013, wrote, "Imagine you hold a currency which will inthe next period either double or halve in value. […] What a good deal thatis!" However, after some time, he wrote a piece, which read, “How and whyBitcoin will plummet in price.”

By2017, opinions changed a lot. He feltthat this could be one way for risk-averse investors to store their wealth.

DeutscheBank analyst recently said BTC might find use as a haven while central bankscontinue to push pro-inflationary policies.

Bitcoinis probably here to stay, and it has been quite resilient. The resilience of cryptocurrency has a lot todo with the volatility of the real-time world.

Theofficial communique in the G20 documented the following historical sentencewhich read: "We welcome theFSB report on decentralized financial technologies, with possible implicationsfor financial stability, regulation and governance, and about how regulatorscan enhance the dialogue with a wider group of stakeholders."