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After maintaining its price for several weeks, Bitcoin has recently started to rise and has now surpassed1000The US dollar. Bitcoin and entities with slow price growthgoldCompared to its advantages, especially as a store of value, it seems to be attracting more and more discussion.For more details, please checkBitcoin official website
Economists and investorsTuur DemeesterIn a recent article, it was stated that Bitcoin can serve as both a secure store of value (digital gold) and an exchange medium for small payments (digital cash).
He believes that the difference between cash and gold is not that significant, and that cash currency must be able to store private and secure value while also being immediately usable.
Bitcoin can reach this year2000—3000dollar
Clearly identifying this goal will help develop a new mindset that will defeat the idea that physical gold is the only hedge held by people. There will also be new data indicating a negative correlation between Bitcoin and gold.
Bitcoin prediction guru,CiviccompanyCEOCo founder Winnie-Linham(Vinny Lingham)Believe that2017The annual gold price will fall below1000USD, to2018At the end of the year, it may eventually decline to700-800USD.
LinghamEarlier, it was predicted that Bitcoin would reach2000—3000The US dollar. Bitcoin reached a peak this year at one point1200The US dollar experienced a significant decline afterwards, but has now returned to1000About USD.LinghamPredict that Bitcoin will break through price barriers and surpass the price of gold per ounce.
Bitcoin's value will surpass that of gold
AndLinghamSimilarly, blockchain companiesWyreCo founder andCEOMichael-Dunworth(Michael Dunworth)In a video interview, he explained to Bloomberg why he believes Bitcoin's future value will surpass that of gold
If you look at the history of Bitcoin, you will know that Bitcoin has2013At the end of the year - perhaps2014At the beginning of the year, it was already equivalent to gold. But in addition, Bitcoin also has the properties of gold: divisibility, like gold, it has scarcity. Bitcoin is also easily transferable. If I want to give you a gold brick, it will be very difficult. But if I want to send you Bitcoin with the same level of value storage, I can do it quickly. So I think this is the value storage of the new era. ”
DunworthIt is predicted that as people's demand for Bitcoin continues to increase, the value of this digital currency will surpass that of gold.
It is obvious that China's regulation is forcing many people to avoid the confrontation between the Chinese yuan and the US dollar. On the other hand, India has just canceled86%The circulation of paper banknotes. ”For more details, please checkBitcoin China
Nowadays, Bitcoin purchases in India have reached a premium of up to12%We also see that there is a similar level of arbitrage activity in the Chinese market compared to the US dollar