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Bitpanda CEO Claims Younger See Bitcoin As The Gold Of Her Generation

November 10, 2020

Bitcoin price has already exceeded $ 15,000. In this regard, Eric Demuth, CEO and Co-Founder of Bitpanda stated that the younger generation now see Bitcoin as gold. This was mentioned in a statement he shared with Cointelegraph en Español.

“The biggest driver of the current price hike is mainly institutional money. In addition, we are seeing a large number of daily registrations from retail customers entering the crypto market for the first time. “he indicated.

“This trend started weeks before the US elections. What we are currently seeing is a rethink where the younger generation sees Bitcoin as the gold of their generation, ”he later added.

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Bitpanda CEO Claims Younger See Bitcoin As The Gold Of Her Generation
Bitpanda CEO Claims Younger See Bitcoin As The Gold Of Her Generation

On the other hand, Alejandro Zala, Country Manager at Bitpanda in Spain, emphasized: “Those days when cryptocurrencies were viewed as assets for small niche groups are a thing of the past.”

“Since she was born there has always been a debate about how and when cryptocurrencies will no longer become a niche object. Some users have relied on being able to use Bitcoin and other altcoins for their daily expenses since their inception. However, there is another current that views Bitcoin as a safe haven value similar to gold and believes that cryptocurrencies will never replace fiat money. In my opinion, both of them have a reason, we’ve reached a point where everyone is interested in cryptocurrencies in one way or another, and this is a fundamental shift for the world of assets and the beginning of a new stage, “he said .

For Zala, the company has recognized that cryptocurrencies are not only intended for a group of experts. “After 2017, when bitcoin had one of its most volatile moments, cryptocurrency settled in a relative of stability that managed to put an end to certain doubts of the most traditional investors. Furthermore, The latest news, such as the advent of decentralized financial tokens, is fueling the acceptance and interest of conservative investors – often by groups who previously had no access to cryptocurrencies or who failed to do so because of the investment was too slow, cumbersome and inefficient“He defined.

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