Paul Tudor Jones a Wall Streed billionaire says buying Bitcoin is like investing in Google or Apple in the early days. Novogratz Says Bitcoin is Digital Gold. Billionaire investor Mike Novogratz is doubling down on a call Bitcoin serves as digital gold. Cryptocurrency has come a long way in the ten years but still, it’s a roller-coaster ride as price goes Up&Down.
We saw a sharp rise that increased its value to US$20,000 in 2017 before falling it to the lows of $8,000 in 2018. Despite the pandemic in 2020, the currency is showing signs of bullishness again. It looks like it might cross the $15,000 barrier at any moment.
The world’s third-richest man Warren Buffett has said that Bitcoin is a bubble. Many other pundits are living the roots of Bitcoin including Robert Kiyosaki author of the famous book Rich Dad Poor Dad.
About six months ago, the cryptocurrency was expected to reach $10,000. But not only has it easily crossed the barrier but is reaching the $15,000. Currently, Bitcoin is trading at 13,140.50 in the United States.
It seems that in future Bitcoin will continue to appreciate that it will trade more like gold than stocks.
The value of the bitcoin will continue to rise as people pile up the idea of incorporating this cryptocurrency into their portfolios. Many banks and credit card companies are expecting to implement PayPal’s. Recent decision to allow its customers to use cryptocurrencies as transactions as the value of the bitcoin continues to stabilize as an asset.
Is Bitcoin the next Digital Gold?