There have been more than a few comparisons between Bitcoin and gold, with many lines of thought, but regarding the current rush, the renowned trader Mark Fisher sees this as The Money Race of 40 years ago.

Money experienced strong demand in the 70s and 80s, becoming an asset for the man in the street. There was no elitism on Wall Street and its price was reasonable, it was an exciting time for common investors.

That's what Fisher is seeing right now with Bitcoin. The paperwork and egalitarianism of high-level investment are missing, and this is stimulating a new wave of adoption with individuals.

Proposed Dramatically

"The reason people are so attracted to Bitcoin is because people want something that moves a lot, that it does not There's no Wall Street, "Fisher said." The thing about which every cab driver speaks all day. "

" Bitcoin was what the money was in the late '70s and' 80s – that's for sure, "added Fisher." No rhyme or reason. "

Indeed, Bitcoin has made its mark for individuals as it goes against systems Institutional investment and money.His decentralized network is what attracts many people, and its functionality, far from administrative hassle and arbitrary rules, is what keeps people.

With the Money, the situation was similar to that of the investors of the 70s and 80s investing in something that was much more in their hands than an asset like gold, at the time.

The race is just beginning

Through the waves of adoption, it sank and flowed between individuals, and the "Wall Street" types. The most recent run around $ 10,000 and over has been attributed to market growth and massive adoption, particularly in Asia.

However, the next level of this measure of adoption will be when the whales on Wall Street will enter the water Fisher expects the launch will be "the Wild West".

"The volatility will be very strong," he said. "And for someone like me, who cares what it is, as long as it moves, is not it?"