A lot of people are questioning whether or not they should invest some of their money in Bitcoin as a way to increase the overall value of their savings. The answer to that question is not as straightforward as you might like, but there is no wrong answer either. Your best option is to do your own research before making such a hefty decision. Or you can take Kim Dotcom’s advice; that might work too.
Kim Dotcom Says “Buy Bitcoin and Gold”
It is no secret that Kim Dotcom has no love lost for the current infrastructure of finances and governments. That should come as no surprise either, since Kim Dotcom has been trying to disrupt the system for years, and has been shut down at every turn. And in recent months, he has set his sights on supporting Bitcoin on several occasions.
Some of our readers may be wondering why Kim Dotcom has taken such an interest in Bitcoin as a currency. It is not hard to see the overlap between what Kim Dotcom has been trying to do for years, and what Bitcoin has been doing for years, ever since its inception. The current infrastructure has seen far too little innovation in recent years, and the system is ripe for disruption on every level.
Whether that disruption comes in the form of changing the way we store and exchange files, or how we manage our finances, remains to be seen. However, it has to be said that Bitcoin has managed to succeed in both areas, whereas services such as MegaUpload and Mega have only had an impact on the way we store and share data. And even then, MegaUpload was shut down over a year ago by government officials, which is something that could never happen to the Bitcoin network.
That being said, it still remains a question of whether or not you should take Kim Dotcom’s word for it when he tells people on social media to buy gold and Bitcoin. This leads to a lot of speculation in regards to whether or not the Bitcoin price will be affected, or if he is simply telling people to buy Bitcoin because he is such a huge fan of the underlying technology.
Grexit To Affect Bitcoin and Gold Prices?
One of the hot topics right now is the impending Grexit, as Greece’s financial situation is very dire and a decision has to be reached sooner rather than later. Analysts expect this situation will not have a major impact on Bitcoin, but it could boost the gold and silver prices to heights we have not seen in many years.
Scarcity is always a bonus when it comes to alternative payment methods, and as the value of precious metals has been on the decline in recent years, both gold and silver have become less popular investment vehicles. On the other side of the medallion, the Bitcoin price has also gone down by quite a bit – yet remained fairly stable over the past 6 months – which created a perfect opportunity for new investors.
Regardless of how you look at things, the paradigm of power in both technology and finance is slowly shifting towards alternative options. Whether this means that gold or Bitcoin will become more favourable all of a sudden, is a question we cannot answer at this point. But it never hurts to keep an open mind towards any and all opportunities that are looming on the horizon.
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