$BTC BTC will replace gold in the future
PANews March 12 news, according to CoinDesk, MicroStrategy executive chairman Michael Saylor said on CNBC on Monday that his company announced the purchase of an additional 12,000 Bitcoins (BTC) and that cryptocurrencies will become more valuable than gold in the future. assets. "Saylor said that Bitcoin is definitely at least digital gold, and it will eat up gold. It has all the advantages of gold without any of its shortcomings."
He also expects that Bitcoin will attract money moving away from other risk assets, including the large-cap S&P 500 ETF (SPDR S&P 500 ETF), and that Bitcoin will start to appear in other funds, similar to BlackRock’s Plans to acquire spot Bitcoin ETFs in its Global Allocation Fund.
Saylor reminded that the upcoming Bitcoin halving in April will reduce the cryptocurrency's block rewards by 50%, which means only 450 new Bitcoins will enter the market every day, compared with the current 900, "in order to meet investor demand." , the price of Bitcoin will have to adjust.”
https://www.panewslab.com/zh/sqarticledetails/lx15ax4p.html
