Bitcoin is Like Trading Gold with 100x Leverage, Next FOMO Round Will be Moon Bound: Crypto Fund Founder

This weekend, Alistair Milne took to Twitter to share why he is still bullish on Bitcoin despite the leading cryptocurrency suffering an 80 percent crash from its peak and its future. The co-founder and Chief Investment Officer of Monaco-based Digital currency fund, shared on this Twitter thread, that the asymmetric nature of Bitcoin remains true even today.

“Now, with more regulatory certainty & BTC being ~80% down from ATH, the asymmetric opportunity is absolutely explicit. Bitcoin may drop and/or eventually retest its ATH (5x) … at a minimum.”

He further explained the next time Bitcoin reaches the all-time-high, he won't be selling,

“The probability that Bitcoin matches its ATH price again and doesn't then continue past it seems very low. Each wave of adoption is an order of magnitude bigger than the last. Price expectations of HODL'ers rises exponentially (I won't be selling at ~19k next time).”

At this point, after a decade of its existence Bitcoin has gained mainstream awareness and once the leading cryptocurrency achieves another peak, FOMO is going to hit the market hard,

“Bitcoin has reached mainstream awareness (almost everyone has heard of it) and so when it proves it is ‘not dead' yet again, the FOMO will be larger than ever… (imagine 100mil people buying). Not to mention the massive progress in helping institutional money participate.”

Milne further talked about Bitcoin being the Gold 2.0,

“Investors are now very aware that Bitcoin is like trading Gold with 100x leverage and, next year, Bitcoin's inflation/production rate will actually be *lower* than Gold's”

No-one appears to doubt the usefulness of Gold as an investment, they shouldn't doubt Gold 2.0.”

Recently, Tyler Winklevoss stated that Bitcoin would surpass even the $7 trillion market cap of gold,

“Our thesis around Bitcoin’s upside remains unchanged. We believe Bitcoin is better at being gold than gold. If we’re right, then over time the market cap of Bitcoin will surpass the ~$7 trillion market cap of gold.”

The similar thoughts are shared by Nick Szabo, a computer scientist, and cryptographer who says gold has a problem in the way that

“they’re physically vulnerable. When the Nazis conquered countries in Europe, the first place they went to was a central bank’s gold reserves.”

Also,

“There’s going to be some situations where a central bank can’t trust a foreign central bank or government with their bonds, for example. One solution that’s been developed is to have the Swiss government hold it for you – that’s not a trust minimized solution. The Swiss government itself is subject to political pressures and so a more trust-minimized solution is cryptocurrency.”

The belief in Bitcoin to surpass gold is persistent in the crypto industry as earlier in this month, Crypto venture capitalist Lou Kerner, shared similar bullish view for Bitcoin when he said,

“What it’s evolved into today is a store of value. And today, the main store of value is gold. It’s an $8 trillion thing. Bitcoin today is around $60 billion, so I think it has an opportunity to actually replace gold as the dominant store of value, in which case it can go up more than 100-fold from where it is today.”

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B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

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