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#DropGold campaign drops another truth bomb on why Bitcoin [BTC] is the future

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DropGold campaign drops another truth bomb on why Bitcoin is the future
Source: Unsplash


Barry Silbert’s much-hyped campaign/movement, DropGold, has been trying to motivate people to dump gold as an investment asset and take Bitcoin as their mistress. Their recent article highlighted why investing in Bitcoin is better than doing the same in gold, listing out four reasons.

Although it has been more than 10 years since the inception of Bitcoin, the article says that “it’s still early” and that the value of it is only a tiny fraction of the trillion dollar market it stands to disrupt.

The chart attached below shows Bitcoin’s market valuation and its disruption potential in these markets.

Source: Grayscale

 

As seen below, global debt has reached a whopping $244 trillion. Bitcoin’s hypothetical price at 10% penetration for global debt would be $1.16 million.

Source: Grayscale

The second point that was outlined by Grayscale is the “generational shift in wealth.” The article stated,

“With an estimated $68 trillion in generational wealth changing hands over the next 25 years (including $48 trillion from Boomers), we may see more investment dollars make their way into uncorrelated assets like Bitcoin.”

Bitcoin’s ability to send money across borders without a trusted third-party has changed how we view banks and financial institutions, which is also another reason to invest in Bitcoin, Grayscale said. Further, the network becomes stronger as more people get into mining Bitcoin, as a result of which the price has skyrocketed.

Diversification of portfolio for investors would be another reason to look at Bitcoin, which has been performing splendidly as compared to other traditional assets. In addition, the article stated,

“Bitcoin has historically performed as an uncorrelated asset, meaning it does not necessarily move with stock or bond markets. As a result, it may provide benefits to an investment portfolio that previous generations of investors could only have dreamed of.”

Below is a chart of hypothetical returns on a diversified portfolio with Bitcoin.

Source: Grayscale





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Akash is your usual Mechie with an unusual interest in cryptos and day trading, ergo, a full-time writer at AMBCrypto and a part-time novice trader.

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