• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
Breaking News: Breaking: Digital Currency Group (DCG) Pulls The Plug On TradeBlock: The End Of An Era?
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
Bitcoinist.com
No Result
View All Result
Breaking News: Breaking: Digital Currency Group (DCG) Pulls The Plug On TradeBlock: The End Of An Era?
Bitcoin
Advertisement

Why Deutsche Bank Says Bitcoin Could Become The New Gold

Julia Arvelaiz by Julia Arvelaiz
1 year ago
in Bitcoin
0
Advertisement
Advertisement

Mass adoption of bitcoin is just a matter of time, and as the world faces that fact traditional financial institutions are warming up to the digital coin. Deutsche Bank analyst Marion Laboure has stated once more that Bitcoin could become “the 21st century digital gold,” but does not it as a reliable store of value today and expects more volatility in the foreseeable future.

The Future of Bitcoin

Analyst Marion Laboure has pointed out that she does not consider Bitcoin to be a means of payment, nor does she thinks it has deflationary characteristics because “Bitcoin is risky: it is too volatile to be a reliable store of value today. And I expect it to remain ultra-volatile in the foreseeable future,” she claimed and noted three reasons for it:

Claim the JACKPOT with 55 FREE SPINS. Signup today to redeem your bonus.

“First, about two-thirds of Bitcoins are used for investments and speculation. Second, due to its limited tradability, just a few additional large purchases or market exits can significantly impact the supply-demand equilibrium. Third, Bitcoin’s value will continue to rise and fall depending on what people believe it is worth. Small changes in investors’ overall perceptions about Bitcoin can have a large impact on its price.”

However, Laboure does believe the digital coin could become a safe haven asset and play the role of a “digital gold” as “People have always sought assets that were not controlled by governments,” and gold has had this role for centuries but the adoption of bitcoin could potentially turn into “the 21st-century digital gold.”

In a comparison between Bitcoin and Ethereum, the analyst called the former “the pioneer” due to its much larger market cap, but she also sees in Ethereum a possible “digital silver” because of its many applications and uses cases, citing decentralized finance (DeFi) and non-fungible token (NFT).

She believes that, for these same reasons, it would be unlikely for another crypto-currency to become stronger than Bitcoin and Ethereum in the next 5 years.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day, only at Wild.io. Play Now!

Related Reading | How Much Would One Bitcoin Cost If It Reached The Market Cap Of Gold?

Bitcoin
Bitcoin trading at $40k in the daily chart | Source: BTCUSD on TradingView.com

Laboure pointed out that there is now a trend for venues to accept a wide variety of forms of payments, and a growing number of shops are starting to accept cryptocurrencies, but Bitcoin and Ethereum are not a common form of payment yet.

The analyst added that “although the latest developments will allow faster and cheaper transactions, it takes about ten minutes to validate most transactions using Bitcoin. And it’s expensive: the transaction fee has been at a median of about 20 US dollars in 2021.”

Now, this last part seems like a weird allegation. One would not think of Laboure as someone who does not know about The Bitcoin Lightning Network (the layer two payment solution that enables off-chain transactions, resulting in more speed and low fees of 1 satoshi or a few cents), given that she was named one of eleven crypto-currency masterminds by Business Insider and she is a recognized expert in financial technology.

In fact, Laboure mentioned the Lightning Network in a recent interview published on December 14, 2021, where she noted that El Salvador is using the network “so fees are pretty low” and said we are looking in the direction of bitcoin becoming a method of payment.

The Issue With Crypto

Laboure added that “The main issue with crypto-currencies is the lack of regulation,” which prevents many investors and businesses from approaching the market, but she has more consistently stated that regulations are coming in 2022.

“In terms of regulatory measures, we expect 2021 to be a game changer and that by 2022 many economies will have a strong crypto asset regulatory framework in place.”

In terms of CBDCs, the analyst believes “CBDC, cash and cryptos will coexist.”

“Cash will certainly not disappear, but we expect it to decline as a mean of payment. Most G20 countries plan to impose stricter regulations on private crypto-currencies. Over the past three years, central banks and governments around the world have multiplied and sped up digital cash initiatives.”

Related Reading | Bitcoin Stock Market Correlation Puts Digital Gold Narrative At Risk

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.

Julia Arvelaiz

Julia Arvelaiz

Related Posts

Bitcoin Whale Shark

Bitcoin Sharks & Whales Have Bought 93,000 BTC Since April Top: Santiment

9 hours ago
Bitcoin

BREAKING: Bitcoin Mining Industry Spared From 30% Tax In US Debt Ceiling Deal

15 hours ago
Bitcoin

Bitcoin Taker Buy Sell Ratio At Highest Since Feb, What Does It Mean?

1 day ago
Bitcoin

Bitcoin Shrimps Continue Aggressive Accumulation As Holdings Hit ATH

1 day ago
Bitcoin Bull

Bitcoin Bullish Signal: Exchange Netflow Registers Negative Spike

4 days ago
Bitcoin

Bitcoin “Buy The Dip” Mentality Disappears, Is Now Actually The Time To Buy?

4 days ago
Please login to join discussion

Premium Partners

Premium Casino Partners

Play Finance

Top Casinos

Trust Dice
Trust Dice
Punt Casino
Punt Casino
mBit
mBit
1xBit
1xBit
K8
K8

Press Releases

  • Is Betting About to Be Transformed by the Blockchain?...

    3 hours ago
  • Traders Foresee Significant Price Upswing for DigiToads...

    4 hours ago
  • 3 reasons why Inqubeta (QUBE) Sale Draws Attention from...

    4 hours ago
  • Chiliz and Stacks price struggles as Tradecurve expects a...

    8 hours ago
  • JP Morgan working on AI as Tradecurve already thinking...

    8 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
© 2023 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance

© 2022 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.