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Bitcoin Investor States to CNN that BTC is the Hardest Money in History

  • Yuri Molchan
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    Bitcoin investor, runner of Ikigai Asset Management, Travis Kling has suggested in a CNN interview that Bitcoin is an immutable, DLT-based digital store of value

Bitcoin Investor States to CNN that BTC is the Hardest Money in History
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Contents

More and more institutional investors have been turning their attention and funds towards Bitcoin recently. This is one of the reasons, experts believe, why Bitcoin price surged about 200 percent since the start of the year.

One of these investors is the head of Ikigai Asset Management fund, Travis Kling who spoke to CNN recently.

Turning from a skeptic into a Bitcoin believer

In a recent interview to CNN, he admitted that he had found out about Bitcoin early enough, in 2013, but rejected it as an investment asset back then.

However, his interest came back in 2017, when the boom of Ethereum and ICOs took place. Kling did a lot of his own research and that completely changed his attitude to crypto and Bitcoin in particular.

Now he reckons that crypto coins and assets are the most important revolutionary invention since the appearance of the Internet.

This technology was going to be the most important innovation since the Internet first time around and [it would be] the most significant investment opportunity in the generation.

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‘Bitcoin has more provable scarcity than gold’

While sharing the results of his research, Travis Kling described Bitcoin as global, immutable, decentralized digital store of value. Another positive description he gave BTC is being a hedge against monetary and fiscal irresponsibility of central banks and governments globally.

While comparing Bitcoin and gold, Kling stated that even though gold has a provable scarcity, Bitcoin has even more of it. His ultimate verdict was:

Bitcoin is the hardest money in human history.

Tim Draper maintains his $250,000-by-2022 BTC price forecast

As reported by U.Today recently, the world-famous Bitcoin investor and BTC bull Tim Draper stated in an interview that he still believes in BTC price reaching $250,000 by 2022.

To do that, he said, Bitcoin will have to grab 5 percent of the global currency market. And that, as per him, is a strong understatement of Bitcoin. Basically, Tim Draper could be saying that his BTC price forecast was way too modest.

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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Ex-Congressman Says Fed Should Not Play With Own Cryptocurrency

  •  Denis Sinyavskiy
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    Former US Congressman Ron Paul shares his thoughts on the possible creation of Fed’s own cryptocurrency

Ex-Congressman Says Fed Should Not Play With Own Cryptocurrency
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Former US Congressman Ron Paul spoke on Fox Business and said that the Fed should not think about creating its own cryptocurrency.

Fed’s Crypto: To Be or Not To Be?

Rumors have been circulating for the past few months about the Fed possibly creating own cryptocurrency. It is expected that a digital coin would become a competitor to its counterparts on the market, and may even replace fiat money. President Patrick Harker, President of the Federal Reserve Bank of Philadelphia, commented on such rumors at a recent conference:

“It is inevitable. I think it is better for us to start getting our hands around it.”

However, there has not been no official follow-up by the Fed towards a crypto exchange. While proponents of this idea believe such innovation is necessary, it is expected that the exchange could stop the current delays involving US bank transfers.

What do the opponents think about the Fed's own cryptocurrency?

The idea of ​​creating the Fed's cryptocurrency has its opponents. This includes Ron Paul, who believes that the Fed is in a better position to stay away from digital coins and allow the private blockchain sector and payment platforms to resolve this discussion in real-time. What the Fed plans to do next is unclear, but the central bank may still enter the game.

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About the author

Starting with a simple interest in cryptocurrency, over the past two years, Denis has worked in a cryptocurrency fund and become an author with an analytical bias. His engineering degree helps with the analysis of the technical part of the cryptocurrency market. As a fan of cryptocurrency, Denis believes that the blockchain technology is the future.

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