RATE Group | Bitcoin Will Supplant Gold as the Most Trusted Store of Value: VC
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Bitcoin Will Supplant Gold as the Most Trusted Store of Value: VC

23 Aug Bitcoin Will Supplant Gold as the Most Trusted Store of Value: VC

Posted at 00:02h in Bitcoin News by

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Gold has been the global store of value for thousands of years, but one cryptocurrency-focused venture capitalist thinks bitcoin will eventually capture that mantle.

Lou Kerner, co-founder of CryptoOracle, which provides cryptocurrency advisory services and operates a venture fund focusing on decentralized technologies, believes bitcoin offers something “much, much better” and will take gold’s place as the top store of value, he noted on a recent CNBC interview.

It may take as long as five years or more, but Kerner said he expects people using gold as a store of value to switch to bitcoin.

Is ‘Nervous Money’ Exiting Bitcoin?

Kerner’s views about bitcoin’s attributes are amongthe reasons being cited by cryptocurrency enthusiasts, who maintain the cryptocurrency’s future is bright despite the price decline that has occurred. The interviewer noted that Brian Kelly, another cryptocurrency fund operator who is also a CNBC contributor, recently said the “nervous…

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