Seeking Opinion on Bitcoin
You speak french ? A tu réellement lut l'article au complet, car ton analyse de cette articles me fait pensée que tu n'a pas lut cette article, ou simplement les mots que tu voulais...
(Sorry for the non-bilingual, I was just saying how off this recap of the article was)
Basically in this articles, they ask about 4-5 professional theres opinion and 4 on 5 say crypto is a better investment.
I'll try to give you a quick recap:
First, Tom Lee from Fundstrat is saying BTC should be in btw 20K to 55K USD in 2022.
Second paragraph is saying that the enthusiast for bitcoin is equal as the unenthusiast for the gold, stating the gold jump this year from 1150 to close to 1350 USD. They finish this paragraph with a open question "Is it a bubble ?".
Third paragraph, Alexis Roussel, co-fonder and CEO of Bity is stating that a 55000$ target is realistic as this year it jump 500% (with the hight of 5000$) and 2000% in 2 years.
4&5 paragraph, is asking if bitcoin in the alternative to fiat can concurrence with gold, since both are in limited number [personal note: I guess they don't know about paper gold...] at the contrary of fiat, Stefan Kremeth (funder of Incrementum (gold fund)), is stating that its absolutely not the same as "gold is tangible and crypto is not", also saying that even if bitcoin is limited in number, the amount of new ICO increase the volume. [But even this guy, that work for golf fund end by saying] although I believe the cryptocurrency will gain more value not because of there limited number but because this technology have infinite use.
6, other difference is that btc is not regulated, new law can affect is value, as gold will remain stable.
7, if investor company speak more about bitcoin than gold, is because its easter to invest in that first.
8, Andreas Ruhlmann from IG, online trader and remporter, is saying that she see more and more discussion on the subject, and she believe a lot of investor invest in it because they are afraid of missing the trend more than because of there understanding of the technology. She also say that it look like a bubble, it does't look like it's about to pop, but it look like the excitation of the dotcom.
9, Tom Lee saying the bitcoin is eating the gold cause it have a lot of similarity with this last and it could be the ultimate currency for storage of value.
10, Andreas Ruhlmann also saying that gold have lost a lot of is attraction from its investor, even its recent increase of 15% in value is actually because of the value of fiat that is going down. She advise that we will not see big increase in value for the gold anytime soon, but small increase is possible because of political reason, North-Korea.
11, Stefan Kremeth and Dominique Casaï funder of URAM (gold fund), saying gold is a reserve of value as bitcoin is not since its not real and does not have 5000 years of history. It can replace fiat but will not replace gold. He is seeing a gain of interest for gold since 1 years and half.
12, saying that there is more and more ETF on gold sold than there is refund. Saying this show that ppl trust the gold more these current years contrary of 2013 to 2015 where the ETF in gold where going down.
13, Alexis Roussel saying the ICO are on the rise.
14, sure but China just ban them ! We have to take a minute to understand that these policy are more a way to slow the amount of ICO rather than stop them as any policy on cryptocurrency are hard to apply, giving the example of China having ban bitcoin several time and its still in high use.
15, investing in bitcoin require knowledge and bitcoin bean the most valuable its not say that it will remain the case in 10 years.
16, Bitcoin market cap is 80 billion, a drop in the bucket of all investment, as gold is 2400 billion. A good strategy is to diversify your investment of non-inflation assets, gold, and different crypto currency.
Hope this help
Its really positive article !
And sorry for my bad english...
Thank you for getting this out. @kendall2
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