Cryptocurrency
Bitcoin Will Be $8 Trillion Economy by 2030, Top Wealth Manager Explains Why
As reported by NewsBTC, “Bitcoin could become an $8 trillion asset by 2030, according to Andy Edstrom of California-based WESCAP Group. “The wealth manager said the cryptocurrency could take away a part of capitalization from all the leading markets. They include gold, shares, fiat, offshore assets, or demonetized store of values like real estates. He […]
As reported by NewsBTC, “Bitcoin could become an $8 trillion asset by 2030, according to Andy Edstrom of California-based WESCAP Group.
“The wealth manager said the cryptocurrency could take away a part of capitalization from all the leading markets. They include gold, shares, fiat, offshore assets, or demonetized store of values like real estates. He added that investors would explore bitcoin also because of its new use-cases as its technology grows in the next decade. Excerpts:
“’Whether it’s micropayments or similar things enabled by Lightning or it’s Abra or similar systems whereby you can get synthetic exposure to any asset in the world just by holding bitcoin as collateral. So there’s a lot of upsides.’
“The statements came after a series of global media coverages called out bitcoin for being the best investment of the decade ending 2019. The period saw the cryptocurrency’s rate journeying from a few cents to $7,100, wherein it’s market valuation even surpassed that of US investment banking giant Goldman Sachs…”