“Do you think that Bitcoin will replace gold? I don’t think it will replace it. But there’s a real possibility and, of course, in the libertarian world of money you know, we don’t like central bank intervention. We don’t like the ability to create more currency out of thin air. So I believe that the crypto space itself, whether it be Bitcoin, Ethereum or some of the others, I believe it’s real. And I think it’s going to be around for a long time, forever basically…
Horwitz adds out that investors would be making a mistake to bet everything on Bitcoin and other cryptocurrencies.
“I think you are making a mistake by taking all of your money and selling out your current asset base. I think that in the crypto space, for now, the money you are putting in should be capital that – you expect to lose it all.”
“I’m in but I’m in at a small scale where if it went to zero tomorrow I wouldn’t lose my sleep. However, I think that you have to understand, I don’t know where the backing would be or where the value is if something goes wrong. The concept is very good and very solid. But there’s still a lot of unknown questions. Yes, you are seeing a lot of major funds put their money in it. But remember, we are at a point in time in markets in general that everybody is chasing every asset class and chasing markets.”
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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