Bitcoin a store of value - 13 October
Bitcoin a store of value and a hedge against uncertainty
There is a theory that bitcoin is a store of value, similar to gold. In fact some market pundits refer to Bitcoin as digital gold since it exhibits certain properties similar to gold.?
Is?Bitcoin?digital gold??
We are intrigued and curious to see how the market views Bitcoin should we see increased inflation and market turmoil over the next few months. So far we have seen increased institutional adoption of Bitcoin as a hedge. Since July 2021 Bitcoin is up 100%, this is a significant outperformance relative to equities and gold.
Market Capitalisation - Crypto currencies
The crypto market is worth $2,2 trillion and Bitcoins accounts for approximately 50% of the market capitalisation. We are yet to see mass adoption by the retail market and further growth of this industry. The lack of clear regulation is the key impediment to growth and the resultant implication for governments, central banks and the future state of the banking and financial system as populations and markets transition from fiat into digital assets.
100X growth potential of the crypto market
Leading crypto investor is bullish on the long term potential and growth of the market over the next 15 years. The primary reasons for this exponential growth over time is: