Recognized Investor Ari Paul: Bitcoin Is Gradually Entering The Mainstream Financial Discourse

Bitcoin is started to be considered a mainstream asset that could be embraced by investors during times of uncertainty or market turmoil. This is due to the fact that the digital asset has a limited supply and it would allow users to find a safe haven store of value.

  • Bitcoin could be embraced by investors as a safe haven store of value
  • The digital currency is becoming a mainstream asset according to Ari Paul

Bitcoin (BTC) has been expanding in the market as a new asset class that aims at revolutionizing the way in which many individuals perform transactions and store value. Although the virtual currency has also been used as a speculative asset, there are many use cases about it. Ari Paul, a recognized investor, explained that Bitcoin is gradually entering the mainstream financial discourse.

Bitcoin Is Becoming A Mainstream Asset

According to Mr. Paul, more mainstream investors from traditional financial markets are starting to pay close attention to how it performs during periods of uncertainty in the market. This shows that there is an interest in the virtual currency regarding its qualities as a safe haven asset.

There are many investors that consider that Bitcoin is far too risky to be considered a safe asset during economic turmoil. Once the digital currency reached its highest point of $20,000 in December 2017, a year later, the virtual currency was traded almost 85% under that price level. Thus, this does not seem like an attractive investment for those searching for a store of value.

However, Bitcoin is a scarce asset. There are 21 million BTC that would be ever mined and during periods of high demand, the price of the virtual currency would clearly go up. Not even gold offers the scarcity that Bitcoin has since the precious metal could be discovered in many new places in the future, increasing the supply in the market. With Bitcoin, this cannot happen.

Next year, Bitcoin is going to experience a halving event in which the virtual currency will be reducing its new issuance from 12.5 BTC to 6.25 BTC per block, which is something bullish for Bitcoin that would reduce its annual inflation to 1.8% during the next four years.

According to data provided by CoinMarketCap, Bitcoin is currently being traded around $11570 and it has a market capitalization of $205 billion.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Carl T
Carl T
Carl is a legend in cryptocurrency space for his long-storied experience, history and insights. He is a digital nomad who fell in love with bitcoin and its offspring for many years now and prides himself on delivering quality perspectives in the emerging world of crypto-assets and blockchain technology.

[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

LEAVE A REPLY

Please enter your comment!
Please enter your name here

3,469FansLike
2,795FollowersFollow
4,232FollowersFollow

Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

CoinDCX Becomes The First Indian Crypto Exchange To Launch Token Staking Services

Indian cryptocurrency exchange, CoinDCX, becomes the first in the country to launch simple staking services for its users. First reported on Coindesk, the staking...

Bitcoin Dollar Cost Averaging From 2017 Market Peak Still Returned 61.8%

Bitcoin price remains strong, not far from hitting $12,000 yet again after the touch and go over the weekend. Interestingly, despite the fact that the...

DEX Leader Raises $11 Million in Series A Funding for Uniswap V3 Following an Explosive Month

A popular and widely used decentralized exchange (DEX) Uniswap has raised $11 million in Series A funding led by Andreessen Horowitz with additional investment...

Dapper Labs Raises $12M with NBA Players from the Brooklyn Nets & Miami Heat Participating

Vancouver-based Dapper Labs has raised $12 million in its latest financing round with additional backing from Coinbase ventures and Distributed Global. Its existing investors...

DeFi App Aave Creates First Credit Delegation Loan to DeversiFi Decentralized Exchange

DeFi lending platform, Aave completes its first-ever ‘credit delegation’ as DeversiFi borrows over $230,000 without posting collateral. The service agreement was signed on...

Bitcoin Futures Trading at a High Premium; Already Hitting $12,000 on CME

Bitcoin has yet again gained momentum, with people expecting for $12k to hit soon. According to analyst Mati Greenspan, for a sustainable rally, a...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today