Veteran trader and Bitcoin investor Todd Horwitz says Bitcoin and cryptocurrencies are here to stay.
In a new interview with Kitco News, Horwitz says that Bitcoin’s hard-coded monetary policy gives it a long-lasting appeal, although he doubts it will usurp gold as a store of value.
“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…
And I think the ability not to have a central bank intervening within your currency will also create more strength. But I don’t think you can