The co-founder and CEO of the large cryptocurrency company Abra is clearly optimistic about Bitcoin (BTC).

In a tweet on October 23, Bill Bargett, CEO of the peer-to-peer payments platform Abra, stated that he had significantly increased his Bitcoins a few weeks ago. According to the CEO, Bitcoin now accounts for 50% of its total investment portfolio.

Bargidt talked about his share of an episode of Money Talks. In a YouTube live broadcast on October 23, Bargidt reiterated his optimistic stance on Bitcoin, stating that “Bitcoin is the best single investment opportunity in the world at the moment”.

Management stated that the shortage of bitcoins is one of the main reasons why cryptocurrency is the best investment option. “As the new Bitcoin minting approaches zero in the next few years, the value of the fiat money, in my opinion, will continue to rise,” said Bargett.

“Government cash or money, also called paper money, is actually depreciating, while the value of Bitcoin remains constant. They will never print less paper money than they do now. Cash is becoming more and more useless.”
During the live broadcast, Bargidt also touched on stacked coins like Tether (USDT) and USD Coin (USDC), as well as central bank digital currencies or central bank currencies. He said that issuing digital currencies to global central banks such as the digital yuan does not mean that central banks will stop printing money. “On the contrary, it becomes easier for them to continue with irresponsible behavior and print money whenever they want,” Bargett said.

Bargidt is known as one of the most prominent Bitcoin bulls. In early October 2020, Bargidt said that he had been optimistic about the price of BTC since 2015. Previously, Bargidt referred to Bitcoin as a store, whose value can be compared to the price of gold.

What follows are the CEO’s comments that Bitcoin is reaching new heights this year. On October 22, Bitcoin reached a new 2020 high of $ 13,217 after PayPal, allowing the purchase of cryptocurrency. At the time, popular Wall Street investor and billionaire Paul Theodore Jones praised bitcoin on CNBC’s Squawk Box morning show and said he liked bitcoin “more than I did at the time.” The billionaire investor has also stated that he owns “small single numbers” in bitcoins.

Source: CoinTelegraph