Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: Rakin343 on January 29, 2021, 10:09:05 PM
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In a Jan. 28 interview with Bloomberg, Eric Peters, founder and CEO of One River Asset Management, revealed that every big institution was having discussions about Bitcoin:
Almost every big, creditable institution in the U.S. is having discussions about this.
He also opined that Bitcoin is a much better bet than gold because of its novelty and its penchant for transformation:
Digital assets are really interesting in the sense that they are new—it is a new asset class altogether.
Unlike Bitcoin, gold is incapable of rolling out a software upgrade, which Peters believes puts it at a disadvantage:
It is a technology platform. It [Bitcoin] will look different tomorrow, and next year, and in a decade to come relative to how it looks right now. That makes it unique to gold.
He adds that one has to be "a real pessimist" to think that cryptocurrencies will not become more interesting, useful and valuable compared to the yellow metal. more info (https://cryptonews.net/458502/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared)