Quote from: timerland on July 12, 2019, 09:00:23 PM

Quote from: Prateek_sharma on July 10, 2019, 08:23:52 AM

Most popular faces of Crypto industry are regularly posting their views on the king coin.

One of the well-known crypto enthusiast and Co-founder of Heisenberg Capital, Max Keiser believes Bitcoin price will move 25 -30 times faster to the upside than Gold.

What's your take on this, will bitcoin price increase?

I don't agree with how this data seemed to be formulated, since it feels like it's been a completely arbitrary projection. But the general trajectory is certainly going to be that bitcoin's growth will outpace gold's growth in the long run.

Bitcoin is essentially the best digital substitute for gold as a store of value as we have right now. Even people at the Federal Reserve are admitting this (look at the news that just came out if you haven't already, regarding the Fed). It's also experiencing a whole ton more of adoption and thus, increase in demand than gold, not to mention the gradual paradigm shift of gold bugs to opening their minds to cryptocurrencies as a viable safe haven as well.

At the end of the day, as I said, I wouldn't put too much weight on the 25-30x figure he produced - since there is no clear evidence that he's used any legitimate analysis to reach that figure. But I certainly think that over the next few decades, despite gold's status of a global reserve currency will still be there, it will probably diminish somewhat.

I agree -