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.
‘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.