Lyn Alden, a well-known analyst, expressed a long-term positive view on both gold and Bitcoin, citing the impending financial difficulties in the world as an important factor.
While Alden remains undecided about what course Bitcoin prices will follow in the next six months, he said that it is definitely in an upward trend for a 2-year period and beyond.
Alden believes that Bitcoin's ability to survive even in the face of a globally coordinated crackdown (which is the worst-case scenario) depends on its ability to establish a decentralized base in a few small regions around the world. According to the analyst, these regions will potentially gain significant benefits from BTC.
Alden said he has made small investments in his portfolio in Bitcoin price brokers such as MSTR and GBTC, especially since Bitcoin cannot be purchased directly in the brokerage environment. However, he emphasizes that owning real assets is preferable to such securities.
According to the analyst, the past few years have caused significant financial difficulties for many investors, and 2019 has seen a number of “unprecedented” events that seem unlikely to happen. Alden predicts this trend will continue throughout the next decade.
*This is not investment advice.
