Bitcoin May Touch Levels in 5-10 Years That ‘We Cannot Currently Imagine’, Says Austrian Investor

Bitcoin May Touch Levels in 5-10 Years That ‘We Cannot Currently Imagine’, Says Austrian Investor

A major fallout of the cryptocurrency craze has been lacklustre gold trading. Most investors are flocking towards these virtual currencies and mostly those averse to risks have decided to stay focussed on gold. In this context, there is already talk about whether gold, as an investment instrument, is dead. Austrian investor and fund manager Ronald-Peter Stoeferle said the sentiment for gold is already so negative that it may soar to new all-time highs in the next few months. About cryptocurrency, Stoeferle, Managing Partner at Incrementum AG, said if Bitcoin is there for the next 5 to 10 years, it may touch a level “we cannot currently imagine”. During a recent interview, Stoeferle was asked whether he feels that gold is dead and if cryptocurrency like Bitcoin has played a role …
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