Aleks Svetski, CEO and co-founder of Bitcoin investment platform Amber, is confident that Bitcoin (BTC) will cement its role in the public eye as a valid investment option. It’s just a matter of time, he says.
Bitcoin is not a technological revolution, he said in a recent interview, but a monetary revolution.
The pandemic has brought on uncertainty in the financial world—traditional market barometers posted their worst performances in decades, businesses began to shut down, and unemployment rates are rising. Meanwhile, Bitcoin took a 50% price dive in March, and the mainstream public has become increasingly interested in crypto’s pioneer asset. The coin also rebounded dramatically in value, seeing more than 130% gains from its low.
A global asset, Bitcoin sits independent of government control, which may prove attractive during economic uncertainty, says Svetski.
In recent days, Bitcoin has seen a number of mainstream entities express interest in the crypto industry, including billionaire Paul Tudor Jones and his Bitcoin hedge play.
JPMorgan Chase also recently announced the lending of its services to crypto exchanges, Coinbase and Gemini.