Bitcoin price will hit $100k this year but it has “stratospheric” potential (Pt. 1/2)

Home Economy Bitcoin price will hit $100k this year but it has “stratospheric” potential (Pt. 1/2)
Bitcoin price will hit $100k this year but it has “stratospheric” potential (Pt. 1/2)

This is part 1 of the full interview. Stay tuned to part 2.

History has shown that every fiat currency has lost almost all its value over time. The U.S. dollar will likely suffer a similar fate, but there is an answer to dollar debasement, said Roy Niederhoffer, president and founder of R. G. Niederhoffer Capital Management.

R. G. Niederhoffer Capital’s flagship fund beat the last two major stock market crashes, growing more than 100% during the tech bubble crash of 2001, and gained 51% in 2008. The firm’s Smart Alpha fund has seen consistent double digit annual returns since 2000.

That asset is Bitcoin, Niederhoffer told Michelle Makori, editor-in-chief of Kitco News, and there are several ways in which the world’s largest cryptocurrency is superior to cash in that respect, and also better than gold as a store of value.

Follow Michelle Makori on Twitter: @MichelleMakori (https://twitter.com/MichelleMakori)
Follow Kitco News on Twitter: @KitcoNewsNOW (https://twitter.com/KitcoNewsNOW)
Follow Roy Niederhoffer on Twitter: @niederhoffer (https://twitter.com/niederhoffer)

0:00 – Inflation
4:00 – Bitcoin performance
6:56 – Bitcoin’s utility
15:06 – Bitcoin price forecast
18:13 – Fed policy
19:21 – Bitcoin & stocks correlation
24:00 – Bitcoin short-term price action
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