Bitcoin will Establish itself after 99% of Cryptos Fade Away – Incrementum AG Managing Partner July 7, 2022 July 7, 2022 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Bitcoin NewsJuly 7, 2022 by Kelly Cromley

Bitcoin will Establish itself after 99% of Cryptos Fade Away – Incrementum AG Managing Partner

As the two assets – Bitcoin and gold – battle for the assumed store of value position, Ronald-Peter Stoeferle, managing partner of investment management firm Incrementum AG, believes that Bitcoin’s ascent in recent years may have obscured gold’s expansion. Both gold and bitcoin have a history of experiencing price fluctuations.

Stoeferle said that the assets would become a risk-free investment as a result of the increasing coverage of Bitcoin in an interview with Finews Asia that was published on July 7. As he said in the aforementioned interview, this is especially true when institutional investors are involved. According to Stoeferle, the growing interest in Bitcoin has led some investors to look at gold in the long term in the hopes of discovering a security that can preserve their wealth.

Stoeferle said “In terms of media attention in recent years, bitcoin has slightly trumped gold. Looking at the money flows, I am unable to identify any key element driving the growth of the gold price in this area. Buyers of bitcoin are often youthful, tech-savvy, and worried about our monetary system. Many cryptocurrency investors who have a solid understanding of Bitcoin ultimately find gold.”

The managing partner stated that when 99 percent of the market’s present cryptocurrencies are destroyed, Bitcoin will completely establish itself. Stoeferle emphasized that Bitcoin stands out from the rest of the market since it is developing as a form of currency and as a financial innovation akin to gold.

He further stated “Bitcoin’s value increases with every new ownership, which is another positive trend. Our investors like the idea of integrating two different monetary asset classes into a single fund.”

If the flagship cryptocurrency can continue to establish itself over the course of the next few years, the investment manager believes that Bitcoin will have a stronger chance of overtaking gold over the course of the long run. His forecast for the price of Bitcoin is consistent with his earlier prediction that the cryptocurrency would see a major change in price over the course of the next several years.

Stoeferle pointed out that the next phase of Bitcoin’s price increase has not yet begun, and that the next value would be driven by the asset’s rising position as a hedge against inflation. This was noticed by Stoeferle despite the fact that the bear market is still active. Notably, the price of Bitcoin has suffered in the midst of a strong inflationary climate, and it is presently fighting to maintain its value above the critical $20,000 threshold.

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.