Crypto-investor Ricardo Gutierrez has predicted that bitcoin and ether will be soon outperforming the US dollar.
Speaking at the Crypto-Conference in Melbourne, Mr Gutierrez was quoted as saying that bitcoin is “very interesting” because it is a digital commodity and that the two are “going to be very attractive to investors”.
He added: “I see them becoming more valuable than the US Dollar.”
Mr Gutierrez, a fellow at Australian Financial Services company Auspex, said that if the US government and regulators do not act quickly to curb bitcoin’s value, the cryptocurrency will be “the next big thing”.
He said: “Bitcoin is like the gold standard.
Bitcoin and Ether have seen massive growth in recent weeks and have since gained around 30 per cent. “
It’s a way of buying things in a currency, but it’s very, very hard to buy stuff in dollars.”
Bitcoin and Ether have seen massive growth in recent weeks and have since gained around 30 per cent.
Both currencies have been gaining in value since the start of the year, and Mr Gutierrez believes that as a result, they are now worth $600 billion.