For most people, the use case of BTC is not very clear. However, a prominent investor explained on Bloomberg that BTC is basically a store of value. Lou Kerner, the founder of CryptoOracle, even claims that the leading cryptocurrency Bitcoin is better than gold in this business. Also, a well-known venture capitalist, Lou Kerner, suggests that Bitcoin will see the level of 100 thousand dollars.
According to experts, Bitcoin (BTC) is better than gold!
A well-known startup capitalist, cryptocurrency analyst, and the founder of CryptoOracle, Lou Kerner was recently on Bloomberg to make the most striking comments on Bitcoin. The founder of CryptoOracle said that on the value proposition of the leading cryptocurrency BTC, it has the potential to replace gold as the primary store of value. Currently, gold has a cumulative market cap of around $8 trillion.
Bitcoin still hasn’t replaced gold, but it has been a huge success and garnered a lot of attention. Cryptocurrency analyst Lou Kerner isn’t the only one who brags about BTC’s potential to be a store of value. Ryan Selkis, CEO of Messari, one of the crypto resources, recently repeated the sentiments of the founder of CryptoOracle. The leader said that cryptocurrency is a great way to hedge against inflationary recession.
Ryan Selkis: “Investors will flock to Bitcoin when it’s hard.”
Ryan Selkis, 2008’s big deal worked at JP Morgan before the recession. Messari’s CEO states that at some point capital markets will collapse with the decline in asset inflation.
Ryan Selkis had a very sad vision for centralized assets such as government bonds and stocks. Messari’s CEO said that when investors are challenged, they will flock to the leading cryptocurrency BTC. Bitcoin was the digital embodiment of gold in Ryan Selkis’ assessment.
“The 2018 bear market will end and Bitcoin will hit the $100,000 level.”
Cryptocurrency currency analyst Lou Kerner later spoke about the crypto crash in 2018. The founder of CryptoOracle mentioned Amara’s Law, which claims that the impact of the new technology is exaggerated in the long run, but insignificant in the short run. Lou Kerner adds that cryptocurrencies are more revolutionary than the internet for him. Thus, according to CryptoOracle’s founder, cryptocurrencies will continue to be subject to Amara’s Law.
Lou Kerner then answered the question of whether BTC can hit an all-time high of $20,000.. According to the founder of CryptoOracle, the leading cryptocurrency BTC will overtake gold in time.. According to prominent cryptocurrency analyst Lou Kerner, this will happen as people start to realize that BTC has various benefits over gold.. Also, according to the founder of CryptoOracle, BTC can easily pass the $100k level.
Fiat Ponzi Scheme? So how does Bitcoin affect the system?
Lou Kerner continued to state that the dollar is a Ponzi scheme . The founder of CryptoOracle also said that the value of all fiat currencies fell to zero until 400 years ago. Lou Kerner emphasized that although he claims that the dollar is a Ponzi scheme, the US government is not at fault. On the contrary, the expert pointed out that this is due to how the financial system currently works.
Cryptocurrency analyst Lou Kerner stated that no one, even the president of the United States, would expect a global correction of more than $180 trillion. Thus, according to the founder of CryptoOracle, capital allocation in gold was preferred in order to maintain its purchasing power over time. Travis Kling, a major crypto investor, emphasizes that BTC will offer consumers the ability to opt out of actual monetary testing.