Coinbase Executive Says Investors Looking at Bitcoin (BTC) After Missing the Boat on Gold Rally
A Coinbase leader said investors who missed the massive gold rally could start flooding in Bitcoin (BTC).
In a new interview on CNBC Squawk Box, John d'Agostino, head of the institutional strategy of Coinbase, said Bitcoin is an attractive asset for investors looking for a gold alternative as a cover against inflation.
“I spoke to a few traders who said that if you believed these conditions, these conditions of denollarization were going to persist, you look at gold of course and above all. But maybe you missed this job. You look at this rally and saying that I missed the boat.
When you do the work, there is a very short list of assets that reflect the characteristics of gold. Bitcoin is on this short list. In addition to the four characteristics that I mentioned [scarcity, immutability, non-sovereign asset, portability]It is the mining shortage, its mining difficulty becomes more difficult over time. “”
He also says that investors' analysis shows that Bitcoin is the most efficient asset during market disorders and inflationary conditions.
“I know some of the best raw material traders in the world, and five, six years ago, they thought that inflation was going to persist and be a problem. And there is no perfect inflation cover. We all know that. Because nothing is perfect. They therefore created a basket. They therefore looked at hundreds of different active ingredients and said what looks like it looks like final advantages, we have better resistance to treasurer resistance, that it looks like following the 10 years for resistance to resistance to resistance to resistance to the end of 10 years, unique asset.
Bitcoin is negotiated at $ 93,146 at the time of the editorial staff, up 2.6% in the last 24 hours.
https://www.youtube.com/watch?v=imjucrl9p6g
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