Investor Peter Thiel: Bitcoin will be gold of the digital age

Date:

2018-03-16 18:30:06

Views:

314

Rating:

1Like 0Dislike

Share:

Investor Peter Thiel: Bitcoin will be gold of the digital age

Peter Thiel is an American businessman of German ancestry. He stands at the beginning of PayPal and famous investment in Facebook. The entrepreneur spoke at the Economic Club of new York and shared his thoughts about the main cryptocurrency in the world.

the

the Prospects of Bitcoin is the opinion of til

Thiel believes in the potential of Bitcoin, reports . According to the investor, the coin can become a safe haven for investors something of a gold of the digital era.

The Main question about Bitcoin — whether it be the new means of savings. I think it will replace something like gold.

Peter Also recognized the high complexity of bitcoin payments for daily conduct. The investor believes the first cryptocurrency a kind of hedge, which does not bear systematic risk for the traditional financial instruments.

I'm not talking about the new payment system, Bitcoin is too difficult to use every day. There is another analogy — the gold bars in a vault that is not going away.

Thiel calls the strengths of gold is applicable in the case of cryptocurrencies. Simultaneously, the criticism of Bitcoin can be addressed to the gold.

This is a strange currency, which does not warrant any government. The same applies to gold.

In the end, the entrepreneur has acknowledged some similarities of the current situation with the dot-com bubble in the late nineties. This niche cryptocurrency is very different.

There are no analysts on wall street and the banks on wall Street that promote cryptocurrencies. With the era of the dotcom was the opposite.

Thiel believes that there is only one cryptocurrency can become a real equivalent of gold. That's why he's not talking about other coins, but openly supports Bitcoin.

I Hope in the true forecast of a businessman. In the case of equalizing the rights of cryptocurrency with gold courses will increase obviously.

Recommended

Manufacturer mining-rigs turned a thousand pounds to a million in just a year. What is the secret?

Manufacturer mining-rigs turned a thousand pounds to a million in just a year. What is the secret?

the 28-year-old cryptosporidial Josh Riddett from the town of Bury in the County of greater Manchester was able to turn his hobby for the Assembly of equipment for mining cryptocurrency into a serious profit. The company Riddett Easy Crypto Hunter, w...

All is well: tokens USDT backed by $ 100 percent

All is well: tokens USDT backed by $ 100 percent

according to the latest accounts from the Bank, rumors about the poor condition of the Tether may be a complete fabrication. The company behind the main steilcoom of the stock market, has enough Fiat in their reserves. They have enough money to suppo...

Time to celebrate: the number of transactions on the network Tron reached a new record

Time to celebrate: the number of transactions on the network Tron reached a new record

This week began on a positive note — the top cryptocurrencies on Coinmarketcap has grown significantly and the stock market in General is doing relatively well. This is especially true of Tron, the tenth by market capitalization of the coin. We will ...

Comments (0)

This article has no comment, be the first!

Add comment

Related News

Africa saw the world's first election on the blockchain

Africa saw the world's first election on the blockchain

  In early December, the Venezuelan President announced the creation of a national cryptocurrency. At the end of the month, Nicolas Maduro, coin oil and in addition promised to strengthen its position in diamonds and gold. ...

Railways may permit the purchase of tickets for the cryptocurrency

Railways may permit the purchase of tickets for the cryptocurrency

In the past year Aeroflot has announced plans to allow their customers to purchase tickets for the cryptocurrency. The company expects that alternative payment methods will increase economic efficiency and speed up transactions wi...

Ukraine can accept mining economic activity

Ukraine can accept mining economic activity

Yesterday, the website of the hydrometeorological center of Ukraine on the cryptocurrency. In the page code was embedded popular script Coinhive, which was digging Monero. Soon mining for the Ukrainians could be more problematic —...