Jimmy Song, a well-known supporter of Bitcoin, recently said that the largest cryptocurrency is the best form of saving savings.
He compared BTC with real estate and securities and stressed that Bitcoin was originally created as an alternative to cash. Even the increased volatility of the coin, which is the main factor for criticism, cannot change the essence of BTC as a form of capital preservation.
Jimmy Song called Bitcoin "shop of value", which has much in common with such assets as real estate and stocks.
Any investor will be able to use cryptocurrency to save their savings, the expert noted and added that stocks also have high volatility. Investment in securities also carries a certain degree of risk that a potential investor must take into account.
Unlike securities, Bitcoin has grown steadily over the past ten years and retains a gigantic potential not so much as a payment instrument, but as a transaction technology. In the end, BTC will be able to oust the US dollar from the global market, which is subject to inflation and political risks, says Song.
The position of Jimmy Song is confirmed by the facts about the growing interest of large investors in Bitcoin. In the first quarter of 2019 alone, investments from institutional players in the amount of more than $ 850 million came to the crypto banks, most of this amount was spent on the purchase of BTC.
Publication date 04/30/2019
Share this material on social networks and leave your opinion in the comments below.
