Bitcoin set to overtake gold as a digital reserve asset – Bloomberg Intelligence
Bitcoin is in the process of replacing gold as a digital reserve asset, according to a report by Bloomberg Intelligence. Increasing demand and diminishing supply means Bitcoin has the potential to hit the $100,000 price level this year as it builds towards becoming a global digital reserve asset, states the report.
The fact that the value of Bitcoin has increased 10 times while under the microscope of US regulators suggests acceptance of digital currencies, BI believes.
“Funds are flowing to the benchmark crypto from gold, bonds and stocks as evidenced by Tesla – the world’s largest automaker by market cap, allocating some of its wealth towards Bitcoin,” says BI Commodity Strategist Mike McGlone. “The process of Bitcoin replacing gold in portfolios is accelerating and we see risks tilted toward more of the same,” said.
Anders Olofsson – former Head of Payments Finastra
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
