RATE Group | Bitcoin price: Crypto expert says bitcoin still has HUGE value despite price slump | Cit…
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Bitcoin price: Crypto expert says bitcoin still has HUGE value despite price slump | Cit…

24 Nov Bitcoin price: Crypto expert says bitcoin still has HUGE value despite price slump | Cit…

Posted at 15:28h in Cryptocurrency News by

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Cryptocurrency expert Lou Kerner, from CryptoOracle, appeared on Worldwide Exchange to discuss the latest development in bitcoin’s value. Mr Kerner said that bitcoin is the “greatest store of value ever created and it should surpass gold over time but it’s not going to happen overnight.” Of the recent plunge, he said: “Nobody likes being down like this but this is part of what investing in crypto is all about.”

In response, the CNBC host asked: “Why is bitcoin down 44 percent in 12 months? Is it just people selling what they can?

“Is it just that they’re inexperienced investors who are getting nervous?

“What do you think is behind that?”

Mr Kerner replied: “What’s behind it is the excitement of people who really believe that – you know early people thought it was going to be a new form of cash?

“And because of the governance problems with Bitcoin, it actually struggles to evolve.

“But it doesn’t need to evolve to be a better store of value – to be better…

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