Nigel Green, CEO and founder of the financial consulting firm deVere Groupsaid recent Bitcoin (BTC) bullish moves They demonstrate their safe haven potential comparable to gold.
In a statement on the deVere Group website, Green states that Bitcoin has lived up to its title “Digital Gold”. So, believes that BTC and other cryptocurrencies will be considered safe havens in the future::
“Until now, gold has been the epitome of a safe haven. But Bitcoin, which has important features like the scarcity of precious metals, could gradually replace gold in the future, making the world more technological.” .
The CEO also pointed to growing political tensions between the United States and China as One of the reasons why investors could choose “decentralized, not sovereign and secure digital currencies” to protect their assets from turmoil in traditional markets.
Green posted these comments after BTC broke the $ 10,000 wall: tonight, just a day later, The price of the cryptocurrency exceeded $ 11,000.
Excellent results also for gold
The United States recently announced a new $ 1 billion incentive package: This news also triggered a surge in gold prices, which hit a record $ 1,949 an ounce.
Peter Schiff, a well known investor in gold and CEO of Euro Pacific CapitalHe recently commented on Twitter:
“The US dollar has just hit a new record low. It now takes more than $ 1,920 to buy an ounce of gold. However, this record will not last long as the dollar’s decline is only just beginning. He is about to plunge into new depths and drag the American standard of living with him. “