|

Bitcoin to replace gold in 20 years - EOS co-founder

  • Brendan Blumer believes that Bitcoin will become a primary store of value in 20 years.
  • BTC/USD recovery is capped by $4,000.

The first digital currency will replace gold as a store of value of choice in 20 years, according to EOS COE and co-founder Brendan Blumer. He is sure that transaction fees will inevitably grow after the last Bitcoin is mined; however, various scalability solutions, like Lightning Network will be there to offer cryptocurrency users more effective and cheap options.

"Most of the activity will flow to scalable layer-two solutions, but Bitcoin’s awareness and liquidity will continue to compound,” he wrote in his Twitter account.

In January, head of the investment company VanEck Jan Van Eck said that cryptocurrency investors were moving away from Bitcoin towards traditional asset classes like gold. He explained that Bitcoin drained his liquidity; that was why it was hard to regard it as a store of value.

Meanwhile, Bitcoin developer and educator Jimmy Song surveyed his Twitter followers and found out that the overwhelming majority of Bitcoin supported regard it as a store of value.

BTC/USD is changing hands at $3,974, capped by $4,000 resistance. Bitcoin bulls need to push the price above $4,000-$4,200 area to break the range and create conditions for an extended bullish run. Otherwise, the coin is likely to stay in the range during the next trading sessions.

BTC/USD, 1D chart

Author

Tanya Abrosimova

Tanya Abrosimova

Independent Analyst

 

More from Tanya Abrosimova
Share:

Editor's Picks

Bitcoin price slips below $67,000 ahead of US Nonfarm Payrolls data

Bitcoin price extends losses, and trades below the lower consolidating boundary at $67,300 at the time of writing. A firm close below this level could trigger a deeper correction for BTC. Despite the weakness in price action, institutional demand shows signs of support, recording mild inflows in ETFs so far this week.

Robinhood's fourth-quarter earnings miss estimates as crypto revenue falls

Retail investment platform Robinhood (HOOD) posted fourth-quarter revenue of $1.28 billion, a 27% year-over-year increase that nonetheless fell short of Wall Street's estimate of $1.35 billion, as a slump in crypto trading activity weighed on results.

Solana recovery falters as bearish market sentiment weighs in

Solana (SOL) struggles to sustain its recovery, retracing toward $80 at press time on Wednesday after losing over 4% the previous day. The high-speed blockchain retains interest among institutional investors, and maintains liquidity amid rising stablecoin supply.

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC, ETH and XRP show no sign of recovery

Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) show signs of cautious stabilization on Wednesday after failing to close above their key resistance levels earlier this week. BTC trades below $69,000, while ETH and XRP also encountered rejection near major resistance levels.

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.

Bitcoin: The worst may be behind us

Bitcoin (BTC) price recovers slightly, trading at $65,000 at the time of writing on Friday, after reaching a low of $60,000 during the early Asian trading session. The Crypto King remained under pressure so far this week, posting three consecutive weeks of losses exceeding 30%.