Everyone should own at least a small amount of Bitcoin – Dominic Frisby
Bitcoin's technological advantage could make it the most widely used online savings tool, says Dominic Frisby, author of the Flying Frisby newsletter and MoneyWeek's chief columnist.
The author of Bitcoin: The Future of Money?, Frisby, believes that the idea of Bitcoin as a bubble, similar to the famous “tulip fever” in Amsterdam in the 1630s, is nothing more than an excuse for not wanting to join the bullish trend. The expert writer called the comparison of Bitcoin to tulips a compliment, as the “tulip fever” led to over four centuries of prosperity in Holland.
Every person on Earth should own at least a small share of the largest cryptocurrency by market capitalization, as the greatest risk is not owning Bitcoin, whose potential is too great to ignore, Frisby declared. He believes some investors are unable to adequately grasp the technologies underlying Bitcoin—similar to how people use cars or the internet without understanding their full potential and potential.
One of Frisby's main arguments is the fixed supply of “digital gold that retains its value over time” – unlike fiat currencies, which can be printed, causing inflation.
“Bitcoin is a secure, transparent, and manipulation-resistant asset, which is a significant advantage over traditional financial systems,” the writer said.
Earlier, MoneyWeek's chief commentator, Dominic Frisby, declared that the world had entered an era where gold and Bitcoin would be the primary assets for preserving capital and the dominance of the US dollar.
Source: cryptonews.net
