According to EOS co-founder Brendan Bloomer, the first digital currency in 20 years will replace gold as a store of value. He is confident that transaction fees will inevitably increase after the last Bitcoin is extracted, but, nevertheless, various scalability solutions, such as the Lightning Network, will still offer cryptocurrency users more efficient and cheaper options.
In January, VanEck head of investment company, Jan Van Ek, said that crypto investors are moving from Bitcoin to traditional asset classes such as gold. He explained that Bitcoin had drained liquidity, so it was difficult to treat it as a store of value.
Meanwhile, Bitcoin developer Jimmy Song interviewed his followers on Twitter and found out that the overwhelming majority of BTC supporters consider him a store of value.
At the moment, the BTC / USD pair is trading at $ 4,029. Bitcoin bulls need to push the price above the $ 4,200 area to break through the range and create conditions for an extended bullish run. Otherwise, the coin is likely to remain in the range during the next trading sessions.
And what do you think about this? Can BTC replace gold?
