It started last week with the most positive enthusiasm ever recorded.

However, the cryptocurrency ecosystem has lost its luster on an annual basis.

Prices fell by more than 50% and the fall hit many cryptocurrencies.

Speaking in an episode Podcast “Queen Peace”The CEO noted that Bitcoin’s market capitalization is currently not helping it fulfill its role as digital gold.

With rising inflation around the world, digital currencies like Bitcoin are expected to become very attractive for investors to preserve the value of their capital.

While Bitcoin has performed this role well in the previous financial year, this time it is a little disappointing.

Brian Armstrong believes this could change dramatically if the global financial system now took more account of emerging asset classes:

I think we will see that change over time.

In the next five or 10 years I can see the cryptocurrency economy already growing as a large percentage of global GDP, with people fleeing to Bitcoin as the new form of gold.

He added:

It’s possible, but it hasn’t happened yet.

Depending on the current view held by different investors, Bitcoin is better than gold.

Among those with a bright eye on bitcoin is Michael Saylor, whose company MicroStrategy has amassed more than 120,000 bitcoins.

In addition to fearing extreme volatility, most asset managers have now started allocating funds to invest in Bitcoin once the market has returned to normal.

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