Bitcoin is gaining momentum as both a long-term investment and a threat that is deterring some investors from investing this year. Bill Barhydt, the president of Abra’s peer-to-peer payment system, was the last buyer to use the resource and consider the size of the economy.
One of Bitcoin’s main bulls is CEO Abra. He threw his weight behind the cryptocurrency, explaining that it was a down payment of that value, along with gold and other essential assets. In a statement the same day, he expressed a positive outlook on real estate, describing it as “the best investment opportunity in the world”.
He explained that Bitcoin has the advantage of not having many assets. He said the rest of Bitcoin’s mining equipment was slowly declining, adding that the value of fiat’s assets was expected to grow slowly.
“Government coins or coins, also called fiat, are not suitable, although the value of Bitcoin is abundant. Fiat is under less pressure than it is now. The value of money is increasing.”
Barhydt also spoke about the central bank’s digital currency (CBDC) and live media, explaining that focusing on central bank assets will not prevent book publishing. Although he explained that the companies that transferred the money were previously unnecessary, he believed they would continue to obey the law.