Pierre Rochard: “Billionaires of the World are Now Realizing the True Worth of Bitcoin”

In response to a recent op-ed piece published by the New York Times, respected crypto analyst and founder of the Satoshi Nakamoto Institute, Pierre Rochard, took to Twitter to expose the hypocrisy of large financial institutions who have been slighting digital assets such as Bitcoin from the very beginning.

In regards to the matter, Rochard was quoted as saying:

Billionaires are quickly realizing that it is time to rotate out of assets which can easily be plundered by the populist mob, into an asset which is much, much harder to seize – bitcoins. https://t.co/XSy0PvOOIs

— Pierre Rochard (@pierre_rochard) February 7, 2019

He then went on to add that more and more moneyed individuals are starting to realize that traditional fiat based assets are harder to move around — especially since they are heavily intertwined within the financial structures that have been set up by large conglomerates. As a result of these restrictions, Rochard believes that Bitcoin has a clear advantage over traditional assets because it can be easily moved around and it offers a high degree of economic transparency.

More On The Case

In response to the Rochard’s above-stated comments on Twitter, VanEck CEO Gabor Gurbacs too echoed a similar sentiment wherein he claimed that a large number of billionaires were already quite curious about Bitcoin (and its associated offerings) in some form or another.

He then went on to add that a majority of his wealthy clients had already either invested in BTC or were in the process of buying some alt-asset or the other. This is because they believe that most of these individuals have started to see the financial potential that these digital assets currently hold.

However, in Gurbacs opinion, the only thing holding more institutional players from entering this field is that the market is still “quite nascent” and in the process of being adopted on a larger/more global scale.

Most billionaires I get to talk with regularly are curious about Bitcoin and bitcoins in some form or another. Some already own bitcoins. Perhaps more interestingly, they recognize and regularly point out that we are still relatively early in the development and adoption process.

— Gabor Gurbacs (@gaborgurbacs) February 7, 2019

On the matter, Gurbacs further added:

Some think that the financialization of Bitcoin will help liquidity, adoption and foster regulatory clarity. Other appreciate Bitcoin tech as is with its trust-minimized structure and core principles. Still a narrow/small crowd but that’s OK.

— Gabor Gurbacs (@gaborgurbacs) February 7, 2019

Final Take

With people like Gabor Gurbacs openly stating that big-name individuals are looking to enter this burgeoning domain in the coming few months, it now remains to be seen how the future of premier alt currencies such as ETH and BTC plays out— especially when considering that bearish market conditions have gripped this industry for over 12 months straight.

https://bitcoinexchangeguide.com/bitcoin-btc-ethereum-eth-and-litecoin-ltc-price-analysis-watch-feb-8th/