Every day Bitcoin doesn’t die, it’s closer to becoming digital gold: Ex-JPMorgan exec

posted 8 months ago
In an op-ed on Yahoo Finance, Alex Gurevich, professor of Mathematics and ex-JPMorgan executive, believes Bitcoin is becoming digital gold “with every single day it doesn’t die." He went on to say "'Time' works FOR Bitcoin, not AGAINST it. Every day it doesn’t disappear, it gets one step closer to a permanent status of digital gold.” Gurevich took his readers down memory lane on why there was demand for gold and precious metals, stating that precious metals had always been used as a means of exchange for centuries, as they “remain in an uncorrupted form,” retaining their value over time.

However, amongst all precious metals, gold is neither the most common nor the rarest. He stated that over the centuries, the middle ground that gold held ended up working to its advantage; it is common enough to be a currency that can be used all over the world, but also not so common that mining can easily disrupt its price. With these advantages, gold has been able to outlive its competitors. Gurevich concluded he believes Bitcoin is well on its way to becoming digital gold.
Tags: opinion, bitcoin