{"id":10981,"date":"2021-09-24T23:21:58","date_gmt":"2021-09-24T22:21:58","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=10981"},"modified":"2021-09-24T23:22:07","modified_gmt":"2021-09-24T22:22:07","slug":"bitcoin-will-be-the-21st-centurys-digital-gold-deutsche-bank-analyst","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/bitcoin-will-be-the-21st-centurys-digital-gold-deutsche-bank-analyst\/","title":{"rendered":"Bitcoin will be the 21st century’s digital gold – Deutsche Bank analyst"},"content":{"rendered":"\n
Marion Laboure, a research analyst at Deutsche Bank<\/a>, believes Bitcoin will eventually take on the role of digital gold, lasting for centuries, enjoying a \u201cfirst-mover advantage” over other cryptocurrencies and entirely uncontrolled by the government.<\/h5>\n\n\n\n
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Laboure claimed she could “possibly see Bitcoin becoming the 21st-century digital gold” in an update to Deutsche Bank's website on “what's next” for Germany's largest financial company\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>, but warned investors about the crypto asset's volatility.<\/p>\n\n\n\n

Most Bitcoin (BTC) purchases, according to the expert, are made for investment and speculation rather than for use as a medium of exchange.<\/p>\n\n\n\n

\u201cA few more substantial purchases or market departures can have a significant impact on the supply-demand equilibrium,\u201d Laboure explained. \u201cToday, [Bitcoin] is far too volatile to serve as a reliable store of value. And I believe it will continue to be extremely volatile in the near future.\u201d<\/p><\/blockquote>\n\n\n\n

Despite her concerns about the absence of regulation surroun<\/a>ding cryptocurrencies and their possible environmental impact, the Deutsche Bank analyst predicted that Bitcoin will remain the top digital asset in the crypto industry.<\/p>\n\n\n\n

Although Ethereum has more applications in decentralized finance and with the rise of non-fungible tokens, Bitcoin retains its \u201cfirst-mover advantage.\u201d<\/p>\n\n\n\n

\u201cIf Bitcoin is sometimes called \u2018digital gold\u2019, Ethereum would then be the \u2018digital silver.\u2019\u201d<\/p>\n\n\n\n

Bitcoin has already been labelled by Deutsche Bank analysts as a cryptocurrency that is “too important to ignore,” implying that the price of the crypto asset<\/a> will likely climb as more asset managers and firms enter the market. By 2030, according to the banking institution, digital currencies will have replaced fiat currency.<\/p>\n","protected":false},"excerpt":{"rendered":"

Marion Laboure, a research analyst at Deutsche Bank, believes Bitcoin will eventually take on the role of digital gold, lasting for centuries, enjoying a \u201cfirst-mover advantage” over other cryptocurrencies and entirely uncontrolled by the government. Laboure claimed she could “possibly see Bitcoin becoming the 21st-century digital gold” in an update to Deutsche Bank’s website on […]<\/p>\n","protected":false},"author":12,"featured_media":10985,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83],"tags":[152,4637,4638],"class_list":["post-10981","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","tag-bitcoin","tag-deutsche-bank","tag-digital-gold"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/09\/Bitcoin-will-be-the-21st-centurys-digital-gold-Deutsche-Bank-analyst.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/10981","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=10981"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/10981\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/10985"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=10981"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=10981"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=10981"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}