According to Sergej Kunz, co -founder of Exchange Aggregator 1 inch, retail investors end time for the Bitcoins gathering because it accelerates institutional adoption.
Kunz said that Bitcoin (BTC) is evolving in an alternative reserve currency, driving institutional demand and potentially valuing retail investors during the Cointelegraph geographical length event in Dubai.
“Every retail user should think about getting at least one bitcoin – they will not be able to afford it very soon,” said Kunz.
He added that if the United States starts buying bitcoins for a strategic reserve, even smaller countries may soon fight for the acquisition of cryptocurrency. “I am almost sure that we will soon see countries fighting for who owns more Bitcoins. The United States will start.”
The Bitcoins demand has accelerated since the US President Donald Trump announced a wide tariff for the US import in April, starting a global trade war.
“The only thing that still acts as a real hedge-borders is Bitcoin,” said the co-founder of Animoca Brands during the panel.
Related: US President Donald Trump issues a 90-day pause on mutual tariffs
Global reserve resource?
In the week of April 21-25, turnover funds from the Bitcoin exchange (ETF) attracted inflows of over $ 3 billion, because the institutions were looking for security in “digital gold” in connection with the assembly of macroeconomic uncertainty.
Analysts say that the demand from financial institutions may reduce the Bitcoins price to USD 200,000 for a coin this year. By 2029, the adoption of institutional Bitcoins could cause $ 1 million cryptocurrency the price of cryptocurrency, said the head of European research BitWise, said André Dragosch.
For bitcoins, “[t]The silver lining consists in the fact that economic uncertainty historically accelerated institutional interest in digital assets as a strategy of diversification, “said Cointelegraph, David Siemer, co-founder and general director of Wave Digital Assets.
According to BTC, according to May 1, ETF Bitcoin and other institutional funds persist in the amount of $ 128 billion data from bitcointreasuries.net. The data show that corporate treasures contain another about 73 billion dollars.
Sovereign countries – including the USA, China and Great Britain – collectively contain BTCs worth over $ 130 billion. However, a significant part of these resources comes from cryptocurrency assets occupied by law enforcement agencies, and not explicitly buys bitcoins.
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