Tuesday, January 31, 2023

Bitcoin Price is Just a Distraction, Ultimately Will Be Last Asset Standing | Stansberry Research


As long as the growth and development of Bitcoin’s network continues, “the short-term price is a distraction,” says Mark Moss, Market Disruptors Analyst. “Out of 15,000 cryptocurrencies,”only one can solve the world’s monetary issues”, he tells our Daniela Cambone on this edition of Outlook 2022: The Tipping Point. He explains that cryptocurrencies like Ethereum parallel the U.S. dollar, and run into the issue of unlimited money supply-cap, underscoring this as a key flaw the digital currency network. Moss is critical of those who oppose Bitcoin being a, “store of value,” and says gold does not work in today’s world due to its transfer inconvenience.

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