A popular crypto analyst says that Bitcoin (BTC) will soon unseat gold and silver as the world’s leading safe haven assets.
In a new video, the anonymous host of the YouTube channel InvestAnswers tells his 447,000 subscribers that the price of Bitcoin cannot be easily manipulated unlike those of the precious metals.
“People have been worried a lot and I’ve answered so many questions about whether the paper versions of gold and Bitcoin can change their real-world prices. Can paper Bitcoin put a lid on price so the price doesn’t go up? The problem is there’s a big difference between Bitcoin and gold.
For gold, it’s impossible to know if there is a gold backing to the paper that exists, which makes things very risky. On the other hand with Bitcoin, it’s much easier to prove and check making it much more trustworthy.”
The analyst says silver is no longer a safe haven and the transparency of Bitcoin in terms of prices could lead to the leading cryptocurrency outperforming gold, which could happen within a decade.
“Believe me, forget the other 20 advantages that Bitcoin has over gold. I believe Bitcoin will smash gold performance over the next 8 to 10 years because you can verify. Therefore, I know a lot of people are worried about paper and manipulation by the JPMorgans and the BlackRocks of the world but they can’t because it can be so easily verified.”
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