If you asked people on the street their thoughts on Bitcoin, you’d probably get a host of different answers–and even more blank stares.
But what if you asked economic experts about Bitcoin? Then you’d receive knowledgeable opinions you could actually put to use. So here you go, seven quotes on why you should be bullish on Bitcoin from seven in-the-know individuals–economists, economic historians, business professors and more.
“[Bitcoin] isn’t just a currency or even a store of value. It is an entire trusted, verified, secure, financial, and accounting system of value that can never be created outside of the cryptographic algorithm. It is nothing short of the future of our entire medium of exchange system, and of money itself and the platform on which it operates.”
-Founder and CEO of Global Macro Investor and Economic Historian Raoul Pal via Bitcoin News
“The idea that Bitcoin has to be born ready to handle everybody’s transactions overnight and to have all the world’s liquidity overnight from its creation–or else it has failed–I think that’s a completely unrealistic way of assessing it. Bitcoin is growing in every metric that matters.”
–The Bitcoin Standard author and economist Saifedean Ammous via Coindesk
Cryptocurrency in the future might be “decentralized, and robust, but with high transaction fees. I might use it to buy a house, but not a coffee. On the other hand, others might be more useful for smaller payments. With digital tech, maybe we can have many different kinds of currencies, which altogether unbundle store-of-value from medium-of-exchange.”
-Professor of technology at MIT Sloan School of Management business school Christian Catalini via The Atlantic
“In the digital age, [Bitcoin] is taking over gold’s role that it fulfilled for thousands of years.”
“Bitcoin is indispensable to fixing the world’s economy and Internet security.”
-Investor and economist George Gilder via CoinGeek
“Millennials are the only real drivers of the U.S. economy over the next 20 years, and they’re going to inherit the wealth equivalent of China and Japan combined. Millenials are much more pro-crypto than traditional investors. This process of inheritance is also going to drive crypto adoption.”
-Managing partner & head of research at Fundstrat Global Advisors and former chief equity analyst at JP Morgan Tom Lee via Decrypt
“There is nothing stopping Bitcoin from trading above USD 10,000. On the contrary, we have every reason to believe that 10k will scarcely be enough as the years go by.”
-Economist and Forbes contributor Alexander Puutio
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