#DropGold campaign drops another truth bomb on why Bitcoin [BTC] is the future

2019-6-5 14:00

Barry Silbert’s much-hyped campaign/movement, DropGold, has been trying to motivate people to dump gold as an investment asset and take Bitcoin as their mistress. Their recent article highlighted why investing in Bitcoin is better than doing the same in gold, listing out four reasons.

Although it has been more than 10 years since the inception of Bitcoin, the article says that “it’s still early” and that the value of it is only a tiny fraction of the trillion dollar market it stands to disrupt.

The chart attached below shows Bitcoin’s market valuation and its disruption potential in these markets.

Source: Grayscale

 

As seen below, global debt has reached a whopping $244 trillion. Bitcoin’s hypothetical price at 10% penetration for global debt would be $1.16 million.

Source: Grayscale

The second point that was outlined by Grayscale is the “generational shift in wealth.” The article stated,

“With an estimated $68 trillion in generational wealth changing hands over the next 25 years (including $48 trillion from Boomers), we may see more investment dollars make their way into uncorrelated assets like Bitcoin.”

Bitcoin’s ability to send money across borders without a trusted third-party has changed how we view banks and financial institutions, which is also another reason to invest in Bitcoin, Grayscale said. Further, the network becomes stronger as more people get into mining Bitcoin, as a result of which the price has skyrocketed.

Diversification of portfolio for investors would be another reason to look at Bitcoin, which has been performing splendidly as compared to other traditional assets. In addition, the article stated,

“Bitcoin has historically performed as an uncorrelated asset, meaning it does not necessarily move with stock or bond markets. As a result, it may provide benefits to an investment portfolio that previous generations of investors could only have dreamed of.”

Below is a chart of hypothetical returns on a diversified portfolio with Bitcoin.

Source: Grayscale

The post #DropGold campaign drops another truth bomb on why Bitcoin [BTC] is the future appeared first on AMBCrypto.

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bitcoin campaign dropgold gold another btc bomb

Источник: ambcrypto.com

bitcoin campaign → Результатов: 126


Bitcoin [BTC] price tide buoys Grayscale AUM over $2 billion as #DropGold campaign gathers steam

Bitcoin [BTC], often touted as the digital gold, aims to replace its tangible equivalent and is certainly doing so when portfolios are scrutinized. With Bitcoin adding over $5,000 to its price at which it began the year, investment in the top cryptocurrency is seeping away the market share of Gold, with one key player gathering […] The post Bitcoin [BTC] price tide buoys Grayscale AUM over $2 billion as #DropGold campaign gathers steam appeared first on AMBCrypto.

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It is well-known that blockchain is a very destructive technology, and crypto, by its very nature, is set up to compete with and possibly overtake fiat currency at some point in the future and this was made obvious when a viral campaign called #dropgold hit the internet, which was backed up by Grayscale Investment. The […]

2019-5-3 18:17


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New Investor Campaign Calls to Prepare for Future, Replace Gold with Bitcoin

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2019-5-2 06:00


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Upcoming 2019 G20 Summit Could Open Up a Can of Bitcoin Worms Regarding Crypto Regulations

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