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Opinion: bitcoin will return gold the status of world money



The British Old Mutual Gold & Silver Fund, under whose management $ 220 million in assets based on precious metals, began to actively invest in bitcoin. This is reported by Bloomberg .

According to one of the fund managers Neda Naylor-Leland, the organization intends to invest in the crypto currency of up to 5% of its funds. The fund received from the growth of BTC plans to reinvest in gold and silver assets.



"Bitcoin was originally created as digital gold. Therefore, if a part of the fund is stored in bitcoins, then it should be a gold fund - this is the main idea. Bitcoin prepares the ground for the return of gold to the status of world money, " Neylor-Leland is sure.
Recently, the price of bitcoin overcame the $ 8,000 mark , and many entrepreneurs are convinced that its value lies in demonstrating the viability of a new payment system free of government pressure, big banks and credit companies.

Naylor-Leland is confident that bitcoin and block technology can solve the problems of divisibility and the speed of gold transfer.

"We are returning to a stable currency. If you combine it with bitcoin, you can expect tremendous results, " - concluded Naylor-Leland.
World money is a means that can be used when calculating international transactions. At one time, gold was one of the world's money.

Recall, an analyst with Wall Street, Tom Lee, expects by mid-2018 BTC jump to $ 11.5 thousand , and billionaire Mike Novograt recently noted that bitcoin comes big money .