Jean Pierre Verster, an investment manager at South Africa’s Fairtree Capital, which predicted the bankruptcy of the Bank of Africa, was of the opinion that the rising Bitcoin price was an indication of a bubble. announced that it was a bubble and that he would not invest in Bitcoin.
“New Gold”
Another investment manager at Ashburton Investments Wayne McCurrie, Bitcoin He said he believes it is a digital version of gold.
It is quite common to consider these two assets as the same thing.. Both are seen as commercial in terms of wealth and function. In McCurrie’s statement:
“Gold and Bitcoin are similar because they are both units independent of government control.. You can carry these units wherever you want, they are valuable anywhere.” He said. >
In McCurrie’s estimation, Bitcoin could be legalized if it manages to reach high values and is a real success.
“Governments have never tolerated a separate monetary system outside of official banking systems.. If Bitcoin reaches really high numbers, it would almost be illegal for governments to not enact it.”
Misunderstood Fact
Verster distinguishing between Bitcoin and its founding technology , on the other hand, said that digital currencies are a mistake, but Blockchain technology is built on real truths.. But he says Blockchain technology is very valuable and adds that Bitcoin will not be a good investment for now.
ICO Limitations
Digital currencies, especially those like Bitcoin, are subject to government regulation. blocked. However, new ICOs have come under severe attack, especially in China.
The restriction of ICOs is far from the regulations McCurrie mentioned. However, such limitations can help Bitcoin gain legality from the market occupied by more and more digital currencies every day.
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