Cryptocurrency
No Stimulus Check? You’ll Buy Bitcoin as a ‘Hard Asset’ — VanEck Exec
Cointelegraph reports, “Bitcoin (BTC) will be most attractive to United States citizens whom the government refused to bail with $1,200, one market commentator says. “As it emerged that stimulus checks may be going towards purchasing BTC, Gabor Gurbacs, digital asset director at VanEck, argued that those left out will still look for an exit from […]
Cointelegraph reports, “Bitcoin (BTC) will be most attractive to United States citizens whom the government refused to bail with $1,200, one market commentator says.
“As it emerged that stimulus checks may be going towards purchasing BTC, Gabor Gurbacs, digital asset director at VanEck, argued that those left out will still look for an exit from fiat.
“Rather than as a short-term investment, people without stimulus checks will value Bitcoin more for its store-of-value properties and permissionless nature.
“’Those that didn’t get stimulus checks or corporate bailouts are the most likely to buy #Bitcoin for what it is: A scarce, non-sovereign-issued, trust-minimized, hard asset,’ he summarized in a tweet on April 21…”