Putin’s Academy Analyst Suggests That Every Asset Should Be Valued in Bitcoin

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Mon, 04/08/2019 - 18:27
Alex Dovbnya
💰The Kremlin economist earlier claimed that Russia would invest billions into Bitcoin 💸
Putin’s Academy Analyst Suggests That Every Asset Should Be Valued in Bitcoin
Cover image via U.Today
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Vladislav Ginko, a member of the Putin Academy, is certain that Bitcoin doesn’t need to be priced in fiat. Instead, every single asset in the world should be valued in BTC, the Kremlin economist states.

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Bitcoin will make fiat useless  

While cryptocurrency enthusiasts are constantly keeping tabs on the price of Bitcoin, Ginko adopts a completely different approach. Ginko claims that Bitcoin is ‘the most valuable asset in the world’, and there is no reason to sell the currency no matter what price its hits, calling fiat a ‘dead asset’. Russian oligarchs, who already own Lambos and yachts, see Bitcoin as a path to a new digital world rather than an investment instrument.

However, Ginko’s statements should be certainly taken with a grain of salt. Prior to that, he revealed to an Australian crypto outlet that the Russian government would start investing billions in Bitcoin, which would possibly trigger another bull run. However, his claims turned out to be completely false, and those publications that ran the story ended up with egg on their faces.    

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Bitcoin is superior to gold

Ginko also explicitly explains why Bitcoin is better than gold. Due to the fact that these assets have superficially similar features, Bitcoin is often branded as ‘digital gold’, which can be a better store of value than actual gold. While the latter is questionable (Bitcoin is still too volatile to compete with gold in that department), Ginko provides six reasons why BTC might actually be your best bet.

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.