By Hassan Mehmood (Saudi Arabia)
Dan Tapiero is a well-known cryptocurrency investor and co-founder of 10T Holdings. He was recently invited to the Breakdown podcast. During the interview, he shared some interesting insights about the Gold and Bitcoin markets.
He is known for his extensive insight and experience working with macro investment markets and his mastery of the international trading markets. It is worth noting that there has been a clash between the Bitcoin and traditional gold markets.
However, there are several investors such as Robert Kiyosaki who swears by both. Tapeiro said talking about the future of the gold markets that it is going to remain firmly solid on account of its thousands of years old goodwill.
He maintained that gold is currently a $12 trillion industry and it has shown no signs of slowing down anytime soon. He also maintained that gold is a non-yield asset meaning that it does not generate dividend payouts such as bonds and stocks.
However, in his opinion, gold is still one of the most reliable hedges that protect against inflation and fiat devaluation. In conclusion, Tapiero declared it as the best inflation hedge.
Bitcoin is a Revolutionary Form of Currency, Says Tapiero
Talking about Bitcoin, Tapiero maintained that it is a revolutionary form of currency. At the same time, he also called it a tool for social reformation.
Furthermore, he maintained that Bitcoin reflects the changing face of the global monetary system. However, Tapeiro seems to believe that Bitcoin is still in the early stages of development and growth face.
He compared Bitcoin’s $1 trillion market cap with the $12 trillion market cap of the gold market. All the while, he also maintained that Bitcoin has an immense growth potential. He compared Bitcoin with the rise of the internet going public during the 90s.
He also said that we have only started to see what Bitcoin can transform into. Talking about the comparative analysis of Bitcoin and Gold he said that both asset classes can dwell in their places and keep performing their unique functions.
He also claimed that Bitcoin is more favored among younger investors while gold is favored among older investors. As per his vision, the generation divide between two asset classes can produce different results.
Reflecting on the future potential and relevance of Bitcoin and Gold, Tapeiro claimed that he is cautiously optimistic about both asset classes. He opines that gold is going to remain a good store of value during the period when people are trying to deal with monetary inflation.
On the other hand, he maintained that Bitcoin is going to keep growing and gain greater acceptance among the financial markets. It is worth noting that some types of cryptocurrencies allow the investors to own real gold by purchasing tokens that are backed by it such as PAXG.
To this end, Tapiero maintained the future of both gold and Bitcoin is balanced. He also talked about the intrinsic value of both asset classes and maintained that both are not going to perish. To make his point about the Bitcoin and gold market, Tapeiro talked about the importance of diversification in the investment world. He also emphasized the importance of recognizing the unique attributes of both different asset classes.
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