Bitcoin is better than gold “on every front” and could eventually be worth around $700,000, according to an institutional investor. John Pfeffer, a partner at UK-based Pfeffer Capital, made the remarks at the Sohn investment conference in New York.
“Bitcoin is the first viable candidate to replace gold the world has ever seen,” Mr Pfeffer said. "So if bitcoin becomes the dominant non-sovereign store of value, it could be the new gold, or new reserve currency."
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