Billionaire mark Kubran: Bitcoin and gold will not replace conventional money
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last week, the co-founder of Fundstrat Tom Lee that the peak incidence of Bitcoin will happen on April 17. On the day of judgment the first cryptocurrency drops to 4 thousand dollars. Billionaire mark Kubran not too in the prospects of the coin. According to him, Bitcoin and gold are unlikely to ever replace traditional money.
theBitcoin will not replace money
In interview Kitco News Kubran , coin and gold — "separate religion", collectibles. Their value depends on supply and demand. However, Bitcoin is in a more advantageous position due to restrictions on shale gas.
In conclusion, the millionaire said he would not advise to invest in both assets. And, moreover, hates them.
the Payment of your debt to the Bank or friend — better investment than bitcoin or the other cryptocurrencies.
Kubran critically comment on the cryptocurrency, even though he owns bitcoins and positively assesses the prospects of the blockchain.
Gold and Bitcoin are tightly bound, and sometimes companies have to make a choice in favor of production of one of the assets. Previously, the canadian MX Gold Corp. its mines and manufacturing and decided to do Bitcoin mining.
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