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1 minute read
Digital Gold Rush
Is it safe to invest in something as volatile as Bitcoin? Will fiat be replaced any time soon by cryptocurrencies? What happens to the value of crypto when governments begin stepping in to regulate it?
All these and more were discussed in a spirited conversation between OKEX Senior Marketing Manager Chris Tan, and former investment banker and management consultant Leo Alejandrino.
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“Apple took about 30 years to get to a trillion [dollars in value]. Amazon took a little bit over 20 years to get to a trillion. Google took about 18 years to get to a trillion. Bitcoin started in 2009 and today it’s at a trillion dollars. It took less than 12 years to do it. This is an exponential growth that’s happening right now, and if you think that we’re at the tip, [that] we’re already at the top of that curve, we are not. We haven’t even gotten started, we are just about to break out into this massive parabolic curve meaning the price is just going to keep shooting up.” - Chris Tan
“Crypto is an intellectual fascination at various levels… It’s a technology - blockchain. It’s a alternative monetary system. It’s a libertarian philosophy, you know, like [an] anti-establishment [philosophy]. It’s a store of value like gold. It’s a means to protect your assets, it’s a means to exchange your assets, it’s a means to store your assets.” - Leo Alejandrino
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