Barth Smith, head of digital assets at Susquehanna International Group, an important investment firm based in the USA, has declared today that bitcoin is currently the best bet for traders that want to invest their resources to have medium or long-range revenue. He declared this in an interview on CNBC’s famous cryptocurrency show “Fast Money”.
Susquehanna International Group is a big financial services firm that focuses in quantitative analysis for counseling investors and traders to invest in the right assets. Being the head of digital assets in large firm that focuses on investigations to achieve revenue, its opinion is certainly of importance; but why does he say that among all crypto assets, bitcoin is the best bet for traders today?
First, he says that bitcoin has a real use right now, and it is separated from the rest in that sense: adoption of bitcoin is rising more than ever, fueled by its independent characteristic. about this, he stated:
“IF YOU WANT TO OWN THE ASSET THAT YOU CAN ACTUALLY USE TODAY AND THAT PEOPLE ARE FUNCTIONALLY USING, IT’S BITCOIN”
Furthermore, he declared that even with the cryptocurrency price drop that has occurred this year so far, bitcoin is way more interesting than every other crypto asset out there, and that it is way more useful than some other new smaller cryptocurrencies or some tokens from Initial Coin Offerings, that could have more revenue in the short term, but have no real functionality.
To illustrate this he mentioned the use case of this cryptocurrency as a vehicle to do remittances or payments over different countries: bitcoin should be the safer and friendlier option to do it. and also remarked on how cryptocurrency operations cannot be stopped by governments or third parties interested in thwarting them. To finalize he stated:
“WITH BITCOIN, I CAN SEND MONEY. IT’S FAST. IT’S CHEAP. AND FRANKLY, NO ONE CAN STOP ME.”