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‘OG’ Bitcoin Supporter Says Crypto Will Surpass Gold And Oil – Details

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‘OG’ Bitcoin Supporter Says Crypto Will Surpass Gold And Oil – Details - NewsBTC

Quick Summary:

Rising Over Gold, Greenback ShapeShift CEO Erik Voorhees, an early investor of Bitcoin, sees that the cryptocurrency would surpass the major assets in the upcoming months, saying that the coin has "high potential” to eclipse fundamental assets such as gold, the US dollar, and even oil.

When demand for Bitcoin rises… — Erik Voorhees (@ErikVoorhees) October 29, 2024 In a post, Voorhees pointed out that when the appetite for gold rises, gold production will surge while if the demand for oil rises, more oil will be extracted.

Bitcoin-Gold Relationship Earlier, another Bitcoiner, Max Keiser, believed that there is a relationship between the price of gold and Bitcoin price, saying that BTC price could soar because of gold.

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Article Details

Author / Journalist: Christian Encila

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-01 @ 02:00:12 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 480 words

Reading Time: 3 minutes read

Sentences: 69 lines

Sentence Length: 7 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 23359556

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About NewsBTC

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Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 8 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 12 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #102

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