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CoinShares Investment Strategist: Bitcoin is Becoming a Reliable Store of Value

Amy Liu

Summary: According to Bloomberg, CoinShares investment strategist James Butterfill stated that Bitcoin is becoming a reliable store of value. Butterfill said that the market value of Bitcoin is currently only 3.1% of gold. If this ratio rises to 5%, it means that the price of Bitcoin will rise from the current $19,000 to $31,300. This is ...

According to Bloomberg, CoinShares investment strategist James Butterfill stated that Bitcoin is becoming a reliable store of value. Butterfill said that the market value of Bitcoin is currently only 3.1% of gold. If this ratio rises to 5%, it means that the price of Bitcoin will rise from the current $19,000 to $31,300. This is particularly attractive at a time when monetary policy is unprecedentedly loose. For these reasons, investors will naturally compare Bitcoin to gold.

By Amy Liu

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