As Bitcoin (BTC) consolidates above the $28,000 price level, Swan Bitcoin CEO has voiced a bold statement, claiming that the leading cryptocurrency is not only the best asset but also serves as a call option on all future crypto technology.
According to data from TradingView, on crypto exchange Bitstamp, currently (as of 12:29 p.m. UTC on March 21), BTC-USD is trading at around $28,036, up 13% in the past one-week period and up 68% in the year-to-date period.
Source: TradingView (One-Day BTC-USD Price Chart)
Source: TradingView (Three-Month BTC-USD Price Chart)
Last week, research by Goldman Sachs highlighted Bitcoin’s impressive performance as an asset class so far in 2023:
Goldman Sachs out highlighting #bitcoin as the best performing asset year-to-date. pic.twitter.com/I0qoELfIMs
— ◢ J◎e McCann (@joemccann) March 19, 2023
Earlier today, Cory Klippsten, CEO of Bitcoin financial services firm Swan Bitcoin, called $BTC “the index” and said there was no reason to gamble on altcoins:
BITCOIN IS THE INDEX.
No need to gamble on altcoins, because if any cryptoblockchaindefi project creates useful tech in the future, it won’t use their proprietary micro-currency.
It will use BITCOIN.
Bitcoin is BOTH the best asset AND a call option on all future “crypto” tech.
— Cory Swan.com LET’S RUN #Bitcoin (@coryklippsten) March 21, 2023
Earlier today, Cory Klippsten, CEO of Bitcoin financial services firm Swan Bitcoin, called $BTC “the index” and said there was no reason to gamble on altcoins:
BITCOIN IS THE INDEX.
No need to gamble on altcoins, because if any cryptoblockchaindefi project creates useful tech in the future, it won’t use their proprietary micro-currency.
It will use BITCOIN.
Bitcoin is BOTH the best asset AND a call option on all future “crypto” tech.
— Cory Swan.com LET’S RUN #Bitcoin (@coryklippsten) March 21, 2023
Yesterday, John Lennon’s son had this to say about Bitcoin:
Now it’s up to each individual to make the right choice for themselves, I think enough people are waking up. And thankfully we have the smartest and kindest Bitcoiners working hard to help as many people onto the Ark of Bitcoin. Godspeed
— DJ Satoshi (@DJSATOSHI18) March 20, 2023
Several hours later, Charles Edwards, Co-Founder of digital asset management firm Capriole Investments, explained why he believes that “Bitcoin is a ratchet on portfolio returns.”
Bitcoin is a ratchet on portfolio returns.
A mere 5% allocation to Bitcoin within a portfolio of any major asset class improved annualized returns by at least 20% in the last 3 years. It also improved risk-adjusted returns.
If you manage a real-estate, equities or fixed… https://t.co/5QOkGrtfJd
— Charles Edwards (@caprioleio) March 20, 2023
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