Bitcoin Likely to Outperform Gold, Says EOS Founder
According to Brendan Blumer, the co-founder of Block.one (which itself founded the blockchain EOS), Bitcoin will easily outperform gold in this market cycle.
The crypto pioneer commented that the leading cryptocurrency is intrinsically better than gold, which should allow it to accrue more value over time. Blumer specifically cited BTC’s “inclusive, fair, finite, publicly-verifiable, and self-custodial characteristics”:
Far From the Only One That Thinks So
He’s far from the only individual in the industry to have shared such an opinion over recent weeks.
Tyler Winklevoss and Cameron Winklevoss, the co-founders of Gemini and long-time Bitcoin investors, recently wrote the following in a post published to their fund’s website:
Like Blumer, the two said that Bitcoin’s characteristics make it a better investment than gold in the current environment.
There’s also Raoul Pal, the CEO of Real Vision and a Wall Street veteran. He commented that Bitcoin will outperform gold likely by an order of magnitude, maybe even two due to the macro factors and the strength of the entire crypto market:
Pal, along with others in the industry, believe that this is the market cycle in which the market capitalization of Bitcoin surmounts that of gold.
Featured Image from Shutterstock Price tags: xbtusd, btcusd, btcusdt Charts from TradingView.com EOS Founder Thinks Gold Will Only Perform "Fractionally As Well" as Bitcoin
Originally from Bitcoinist.com https://ift.tt/3gVqluN
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