Dan Morehead, chairman of digital currency exchange Bitstamp, is predicting that in the future, Bitcoin will be an asset of the serious investor as he backs the digital currency to revolutionize money.
Based on its disruptive nature, Morehead adds that Bitcoin is comparable to how voice-over IP took away the dominance of giant telecommunications companies on communication.
Expected and rational
Currently, Bitcoin occupies a space in terms of investment where it is speculative and experimental. There are the believers in the digital currency who make it part of their portfolio, and those who shun it completely.
However, Morehead sees the digital currency revolutionizing money, and if that happens: “The upside is so high, it’s a rational, expected thing to have in your portfolio,” he said.
In the same way that Morehead uses voice-over IP as an example of a changing technology, the chairman gives credit to the underlying Blockchain technology that has seen other cryptocurrencies spawn. <Continue Reading>
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