Ryan Selkis: Bitcoin Is Digital Gold, and could go over $50000

05.04.2019 / 12:15

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In a new interview on Bloomberg Markets, Ryan Selkis, founder and chief executive officer of crypto research firm Messari, outlines Bitcoin’s latest trajectory and addresses the fundamentals behind its recent price.

“I think where we are right now is similar to where we were in 2016. There’s a lot of optimism behind the scenes in retail investment circles and especially in institutional investment circles.

Generational rotation out of gold and into digital gold, which is Bitcoin, which could be a $30-trillion asset rotation in general as millennials inherent their parents’ savings, and there is this wealth transfer.

A Bitcoin bull, Selkis has tweeted that he sees Bitcoin surpassing $50,000.

“I don’t think that we’ll ever see a lack of volatility for this asset because there is no central bank that controls Bitcoin.”

Trader Georgi Bozhidarov

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Ryan Selkis: Bitcoin Is Digital Gold, and could go over $50000

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