The manager of VanEck’s digital asset initiatives, Gabor Gurbacs, on Monday 18, May 2019 has gone on twitter to say that there is nothing wrong with the assertion that Bitcoin is not meant for everyone.
Gurbacs went further to validate his opinion by pointing out that only about 1% of the world holds gold, and with this little adoption rate the gold market cap is around $8 trillion.
He, however, showed confidence that the moderation being introduced to the adoption rate of Bitcoin, the pioneer digital currency, will surge high to hit the trillion-dollar range.
Gabor Gurbacs tweet has however pulled responses from scores of the crypto enthusiasts, among whom included the prominent Bitcoin investor PlanB, who was in support of Gurbacs opinion, adding that the much expected mass adoption will only be an exaggerated reason for the upsurge of Bitcoin price.
In a response to PlanB, Gurbacs said though it is paramount to keep real-world situations in mind by juxtaposing the BTC value and its adoption rate, but the value side is in most cases underestimated while the adoption requisites are exaggerated.