Why is Bitcoin Price Rising? Kiana Danial w Maria Bartiromo Talking Value of Bitcoin vs. Gold

by birtanpublished on August 24, 2020

Welcome back crypto craze Bitcoin recording its best start to the year since 2012 breaking almost $9,000 the rally coming after a rocky 2019 real volatile they are investing joining us right now is invest diva calm CEO and cryptocurrency investing for dummies

Author Kiana Daniel great to see a Keanu thank you so much for being here thank you so much for having me first let's talk about what's behind this move in Bitcoin over the last couple of months what do you think is moving it right so

There was a technical point there are some fundamental triggers that we had the Chicago Mercantile Exchange had had an awesome launch of Bitcoin options and of course from a technical point of view we have a massive bullish indicator

Signaling more rallies to come we may see a pullback before we see the the bullish sentiment really gaining momentum and going higher and higher but I honestly think that this was just due to happen and we just happened to see it

Happening right now so so can I give us the investing for dummies version of investing in Bitcoin all right so actually I'll just tell you a story of how I became interested in this so I I was born and raised in Iran to a

Jewish family and my dad was a CEO of a very very successful company before the 1979 revolution and after the Revolution the new Iranian regime that Islamic regime took over all of my dad's assets his money his gold everything that he

Had and I ended up growing up in poverty they were actually gonna kill him but he lucked out on that one I'm I after I was the biggest skeptic of Bitcoin for the longest time but in 2016 I got hired to research and analyze the Bitcoin and

Cryptocurrency assets and as I was diving into it I couldn't help but wonder if my dad had only a fraction of his assets in a decentralized crypto asset like Bitcoin I would not have grown up in poverty so that is the

Reason why I believe Bitcoin has value and that is the reason why I believe is going to go higher in general not just figures from a general practical stand point how to investors do it I'm looking for the euro investing for dummies right

Right yeah so I'm gonna have it over right over here people say bitcoin is not money all right and yes it has a lot of deficiencies and there are so many other crypto asses there are so many other

Digital currencies that are more stable there are more accessible you can pay for this book with them a lot easier than with Bitcoin however for me Bitcoin itself is a store of value I would compare Bitcoin to gold and I would

Argue that bitcoin is more valuable to gold and if you like me to go there I would definitely go there the reason why I believe bitcoin is more valuable than gold well you can argue that gold is not easily accessible that mainstream you

Cannot pay for this book with gold to me I mean I would like it but it's not easy but now that's that's that's a good point I know that there are more Bitcoin ATMs popping up in the US as well like in airports and in shopping malls dig

And jump in here Keanu I just want to separate the speculation from the actual use of this because we're still waiting to see Bitcoin and other cryptocurrencies accepted more universally or globally as a payment

System the the thing that we always caution people about here is to speculate on it it again because you can get your you-know-what handed to you and that's like with any asset right absolutely so risk management is the

Main keep main key point when it comes to investing in any asset as you mentioned but when it comes to mainstream usage of Bitcoin yes Marie mentioned that there are more Bitcoin ATMs than ever around the country I was

Just flying out of Miami the other day it was a bit between ATM there they're all over the cities and there are companies like Microsoft overstock.com Newegg Expedia who are now accepting Bitcoin as a payment system so we are

Seeing really the need and the demand going higher and with the supply only being 21 million bitcoins out there ever that is a reason why with the supply going up with the supplies again keeping steady on the demand going

We can see the value of Bitcoin going higher and higher from here on all right we'll watch that can I get to see you thanks thanks so much thank you so night again

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