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The new year brought positive comments from the cryptographic sphere, with industry experts defining the positive aspects. Lou Kerner, partner of CryptoOracle and one of the many influencers who expressed their opinions on the industry, is popular for being a Bitcoin [BTC] bull and his last words reflect this fact.
In an interview with Bloomberg, Kerner said that Bitcoin is about to become a respectable value store. In his words:
"Gold is currently a $ 8 trillion asset, while Bitcoin is a $ 60 billion asset, and in my opinion the value of Bitcoin can go up 100 times and ensure that the digital asset field does a long walk ".
Kerner went on to talk about the recent collapse of cryptocurrency prices, blaming the community for "overcoming itself". He said that capitalism was the main problem that lowered prices. The CryptoOracle official had previously said that the cryptocurrency field had first seen the price move upwards by adding:
"For as long as I can remember, Bitcoin has followed this pattern: this continuous increase and fall across the spectrum." If you compare today's Bitcoin and yesterday's Bitcoin, you will not see any change. "
During the interview, Kerner went on to say that Bitcoin's interruption of the industry will be much more than the interruption caused by the advent of the Internet. According to him, Bitcoin is like Yahoo: it is an important thing but not "the" thing. It was also of the opinion that the industry is at the beginning of its growth and that in 20 years the cryptocurrency will exchange astronomical heights. Kerner said:
"If Bitcoin becomes a good value reserve, then it will hit $ 100,000." The current decline is normal in cryptocurrencies and it is obvious if you look at the history of other currencies. "Throughout history, you can see that almost all coins have diminished. to zero. "
Kerner also claimed that the dollar is a Ponzi scheme and that there was no way for America to pay the trillions of dollars in debt. He also mentioned that since Bitcoin does not have functional governance, it struggles to evolve. This evolution is not mandatory because Bitcoin becomes a reserve of value, but rather a currency. The Bitcoin bull also said that investors do not have to worry about prices as Bitcoin is growing in 2019.
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