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- Eric Demuth, CEO of BitPanda, shared his optimistic thoughts on the Digital gold Bitcoin.
- Eric Demuth named Bitcoin as ‘Gold 2.0’ and said Bitcoin is the best version of Gold yet.
- Eric approached Bitcoin as Gold 2.0 and called it as millennial’s Gold where he pointed the younger generation showing much affection to the Bitcoin and other digital assets.
In the recently held Blockchain economics 2020, Eric Demuth, CEO of BitPanda, was one of the speakers who shared his optimistic thoughts on the Digital gold Bitcoin, saying it the best version of alternative to the physical gold market.
He also gave an interview with the Cointelegraph in Turkey, Istanbul, on the 20th of February, where Turkey was the prominent location for BitPanda outside the European territory.
To launch its first cross border office given a geographical advantage to the headquarters and the increased demand for the cryptocurrency and related services surrounding it in capital and country.
In this interview, Eric Demuth named Bitcoin as ‘Gold 2.0’ and said Bitcoin is the best version of Gold yet. He summarised that the popularity and demand of Digital currencies along with earth metals are increasing and reaching sky-high on an everyday basis.
Eric approached Bitcoin as Gold 2.0 and called it as millennial’s Gold where he pointed the younger generation showing much affection to the Bitcoin and other digital assets. Although there is a capitalization lock on the digital assets, the storage of them is highly securable and can be easily traded or transacted with higher liquidation.
On the security and regulation measures, Eric said that the EU made a good move to just market watch on the Cryptocurrencies and the route it took rather than formulating regulations since its launches.
This, according to Eric, would have had a devastating effect on the economy of the cryptocurrencies and have put the start-ups offering exchange services at very high risk. BitPanda now has a 5AMLD set of governing, which is almost equivalent to the Banking regulations in the European territory.
Eric also said to Cointelegraph that Decentralization is the key important factor for the cryptocurrencies, however, the regulatory bodies want someone to take responsibility for the assets in case things go sideways and can be easily blamed upon which contradicts the definition of Decentralizations.
As of now, the digital markets are not attracting any regulatory bodies due to the insignificant trading volume.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
