Ikigai Founder: Bitcoin’s Beauty Shines in Comparison to Gold, BTC is a Central Bank Insurance Policy
Could any two investments seem more different than precious metals like gold and silver versus digital currencies? One is dug from the ground, forged in flames and hurts like heck when you drop it on your foot. The other is purely digital, created by computers crunching complex equations, existing only in bits and bytes.
Recently, Travis Kling, Founder and Chief Investment Officer of Ikigai Asset Management. Appeared on the WhatBitcoinDidPodcast hosted by Peter McCormack.
Regarding the recent bull run and the generally positive sentiment around cryptos, Kling said:
“The people in the space show an enormously positive vibe with a feeling of a growing sense of maturation year over year. Now that there are fewer charlatans and scammers in the fields it becomes easier for more Bitcoin centric announcements to be made.”
Bitcoin was even purposefully intended to simulate some of gold’s unique natural properties. You even “mine” for new Bitcoin digitally like people mine physically for gold, and the supply is purposely limited. Because they have a lot of similarities, they appeal to many of the same investors. Both can be a store of value and a medium of exchange, however, according to Travis Bitcoin is mostly being used as a store of value.
“Bitcoin has gone through a lot of phases and in my opinion, it is a non-sovereign, hard cap supply, global commodity. In other words it is an insurance policy against central banks even though Bitcoin is not a safe haven right now. The reason why I, like so many others are excited about it is because it has the characteristics it possesses to grow.”
Bitcoin and alt-coins are emerging as a powerful innovation, both as a possible complement to — and, in thus far rare circumstances, a replacement for — cash or precious metals in many applications. As the market comes to grips with cryptos, however, it’s increasingly clear there is a place for each in the world, and none of them — not cash nor gold nor cryptocurrencies — are going away anytime soon.