In an interview with Kitco, Michael Saylor, the former CEO of MicroStrategy, predicted that Bitcoin would demonetise gold. “Gold was metallic money for the 19th century,” he said while adding that gold will not be adopted as money in the 21st century.  He predicted that a spot-based Bitcoin exchange-trade fund might come in a year. He anticipates that the biggest cryptocurrency will develop into an asset of institutional investment grade that will be accepted by influential investors, lawmakers, and regulators. Saylor claims that due to the volatile nature of the crypto market, conventional economists are sceptical about it. “The volatility […]