futurewithcrypto.com
Those that invest in cryptocurrencies and retain Bitcoin for a long time typically believe that fiat currencies are doomed.
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The depreciation of the dollar, euro, and other major currencies is presumed by Jan3 CEO Samson Mow.
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while central banks around the world struggle with double-digit inflation rates, will continue to pick up speed.
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He predicts that in the next five to ten years, the BTC/USD exchange rate will achieve the coveted $1 million threshold for Bitcoin:
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Investors have long diversified their portfolios with precious metals like gold out of fear of unchecked inflation. This is due to the physical supply being restricted, much like with Bitcoin.
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According to Goldman Sachs, gold is a significantly better option than bitcoin for portfolio diversification. This is primarily due to the lack of speculative applications for gold.
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In the recent market climate, gold marginally increased in value, while Bitcoin's value fell by 75%. According to Goldman Sachs, this is because of demand:
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The investment bank is referring here to both central banks and the sector that leverages falling prices to raise stock values.
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In contrast, the crypto market frequently experiences panic, which drives prices down.
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At a BTC/USD rate of $17,159, Bitcoin is currently up 1.39%, and the weekly gain is 0.92%.
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