Investor Tom Lee from Fundstrat, USA’s Bitcoin $84,933.38In the process of evaluating the reserve as a reserve asset, digital asset may be an important source of earnings for major financial institutions.
Bitcoin’s potential to be a reserve asset
Lee brought a similar approach to the strategic Bitcoin reserve from the concept of American oil reserve. He stressed that the amount used per dollar for oil purchases has reached much higher amounts for speculative transactions in the market.
According to Lee, while the oil speculation is 400 times the market value, Bitcoin becomes a global reserve asset and can be traded on a similar scale or higher if adopted by large masses. This may provide a superior place in the portfolios of major financial institutions.
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Financial technology and security
In addition, the data security offered by Blockchain technology raised the possibility of banks to use Bitcoin for information security. This system can only determine the change in a pixel of the document; Thus, it offers a solid security vehicle for banks.
Tom Lee: “Let’s say Bitcoin reaches 10 %of the net value of people, and banks begin to use to store information. In Blockchain, only one pixel of a 10 million -page document can be stored, but the hash system detects even a small change. This valuable security feature can lead to banks to Bitcoin. However, in such a case, the United States may also be able to establish a control mechanism on blockchain or to be in certain censorship applications. When banks start trading with Bitcoin, this product may become quite profitable for major financial institutions. If oil transactions are carried out with a 400 -fold multiplier, Bitcoin’s transaction volume can reach a thousand times levels. ”
Bitcoin’s market value is now at a certain level. In line with these developments in the market, investors make assessments about how important digital assets can gain in the future world.
The views described above indicate that the place of digital assets in the global financial system can be strengthened. The combination of market dynamics, technology and security elements suggest that Bitcoin can become an important reserve tool. The relevant organizations in the financial world are expected to follow these developments closely.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
