Bitcoin [BTC] will replace gold in terms of value within two decades, claims Block.one’s CEO

in #bitcoin6 years ago

bitcoin-3024279_1920-e1552917573955.jpg
Bitcoin [BTC] received another glowing endorsement after Block.one CEO, Brendan Blumer, recently stated that Bitcoin will eventually replace gold as the leading store in value commodity.

Blumer tweeted,
Bit-1 (1).pngSource: Twitter

Brendan Blumer also stated that Bitcoin would essentially split into a light and dark pool. He claimed that the transactions would be fully identifiable, but would remain anonymous too.

Brendan’s claim received a lot of reaction from social media. A Twitter user named Justin Buck commented on the issue, to which Blumer replied,Bit-33.pngSource: Twitter

A Twitter user, @CabSav, recently drew attention to the similarities between the gold’s long term chart and Bitcoin’s ongoing market cycle.ping-se.pngSource: Twitter

The user shared an infographic chart which compared the two commodities, with their graphs appearing fairly identical. Both of them pictured a similar trend where the valuation stabilized prior to a significant final downtrend.Bit-2.pngSource: Twitter

Brendan also stated that Bitcoin’s future worth will be determined by its coin-specific history. The claim drew more reactions from users as one Twitter user responded,

“but even though all transactions are public, it doesn’t mean you know where they have been. Does this mean that when Pseudonymous transactions are identified as undesirable, this could affect the value of any given coin because of where it has been?”

To this, Brendan Blumer said,

“The integration of #Bitcoin with the existing financial system that everyone has been waiting for will come soon, but it will come with the cost of privacy. The best private currencies are likely to emerge through secure hardware, not public ledgers.”

Collected from various cryptocurrency forum.

Sort:  

Congratulations @souravsx! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

You published your First Post
You made your First Vote
You got a First Vote
You made more than 10 upvotes. Your next target is to reach 50 upvotes.
You made your First Comment
You received more than 10 upvotes. Your next target is to reach 50 upvotes.

You can view your badges on your Steem Board and compare to others on the Steem Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

Vote for @Steemitboard as a witness to get one more award and increased upvotes!

@souravsx, thank you for supporting @steemitboard as a witness.

Here is a small present to show our gratitude
Click on the badge to view your Board of Honor.

Once again, thanks for your support!

Do not miss the last post from @steemitboard:

Carnival Challenge - Here are the winners