The famous gold proponent said that investing in gold is as safe as driving a Volvo SUV, while investing in Bitcoin (BTC) is a crazy journey like Ducati.
Austrian investor Ronald Peter Stoeferle stated that the value of Bitcoin will rise to unimaginable places in the next decade. However, the leader still thinks that crypto will never surpass gold, the safest investment tool. For this reason, he states that gold has a safe Volvo function, while Bitcoin is a wild ride like Ducati.
The Future of Bitcoin
Ronald-Peter Stoeferle, Managing Partner and Fund Manager of Incrementum AG, talked about gold and Bitcoin in an interview
The author of the article “In gold we trust” stated that Bitcoin and gold are actually quite similar financial instruments. He stated that the two are a trust towards fiat money and emphasized that investors should invest in both rather than choosing one.
Speaking about the future value of Bitcoin, Stoeferle thinks it can reach unimaginable levels for now:
The Austrian investor, however, said that gold will continue as the leader. Although Bitcoin is advancing rapidly, Bitcoin still lags far behind gold in terms of market cap.
Risk Disclosure: The articles and articles on Arover.net do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your due diligence and do your own research before investing in these currencies.