Cryptocurrency isnt going anywhere in fact its set to take a leap forward in coming years, says tech entrepreneur and Finder.com Co-founder Fred Schebesta.
I'm a big believer in Bitcoin, he says. I think it's like digital gold. I think it will last on and on and on.
In a newly released interview, taped on March 2, Schebesta rejects pessimists who say cryptocurrency is a passing fad, noting that the price of Bitcoin (BTC-USD) has remained stable of late.
Bitcoin's been called dead for 10 years now, he says. Seems to still be going. You know, I think the price is holding up pretty well throughout this as well.
As of Thursday afternoon, the price of Bitcoin stood at $9,115, marking a 20.7% increase over the past three months, while the S&P 500 has fallen 3.5% over that period. Bitcoin surged at the outset of this year despite coronavirus fears.
These geopolitical events including coronavirus and geopolitical tensions really improve the use case, Tom Lee, Fundstrat Global Advisors managing partner, told Yahoo Finances YFi PM last month.
https://finance.yahoo.com/news/cryptocurrency-needs-five-years-cook-says-findercom-cofounder-141238770.html