Now, more than ever, Bitcoin (BTC) continues to be digital gold, says Fred Schebesta, technology entrepreneur and co-founder of Finder.com.
Finder.com is a company that seeks to help its customers make better decisions. How? Well, they help the client to compare the different options available to make better decisions. Currently, Finder.com compares from crypto exchanges to credit cards and insurance, attracting more than 10 million visitors per month.
Many have been the times that the ability of Bitcoin to be recognized as digital gold has been questioned. However, contrary to what some might think, the future of BTC continues to shine.
During a recently published interview, Finder’s co-founder said he still declares himself as a faithful Bitcoin believer. In addition, he deeply rejected those pessimists who, still in 2020, consider BTC to be just a fad.
Bitcoin: Is it really a reserve of value?
Bitcoin critics often engage in the weak argument about their volatility. However, Schebesta emphasized that the price of BTC against the US dollar has remained stable.
“For 10 years they have pointed out that Bitcoin is dead”, says Schebesta. Nevertheless, “Still alive. I even think that he has done quite well despite everything that is happening. ”
In fact, if we look carefully at the price of Bitcoin, at the time of writing this article, it is $ 9,082.64 USD, according to CoinMarketCap, marking an increase of 21.91% in the last three months. However, not all markets have had the same fate.
In the last three months the S&P 500 has accumulated a 5.75% drop, demonstrating that BTC has had spectacular performance. Also, unlike the rest, Bitcoin has managed to emerge despite fears for the Coronavirus in the world.
“The crypts are just beginning. I believe that it only takes 5 more years to demonstrate its true potential. ”
Fred Schebesta, Co-founder of Finder.com and CEO of HiveEx.
It is also relevant to note that Schebesta’s opinion is quite common in the crypto ecosystem. Recently Michael Sonnenschein, Managing Director of Grayscale Investments, during an interview with The Compound, stressed that Bitcoin is in a new era of investment.
“Bitcoin (BTC) has solidified its role as a reserve of value and, therefore, as‘ digital gold ’in the world.”
Michael Sonnenschein, director of the world’s largest BTC fund.