Argo CEO Peter Wall: Bitcoin is gold 2.0

The CEO of the mining company Argo believes that cryptocurrencies have little prospect in terms of macroeconomics, with the exception of bitcoin, which will save the world from inflation.

Peter Wall stated in an interview that Bitcoin is gold 2.0. According to Wall, BTC's 21M coin cap and its decentralized nature will help the first cryptocurrency to become digital gold.

At the same time, the head of Argo believes that the macroeconomic prospects for risky assets are still small. According to Wall, the reduction in the scale of investments will help investors overcome the current bearish sentiment.

As an example, the businessman cited his own company Argo, which has been operating since 2018. Despite the current market fluctuations, the company remains afloat due to the “muscle memory” that allows you to continue to work even when things get tough.

The cryptocurrency market is rapidly maturing, Wall says, so it’s important to keep an eye on the long-term growth of digital assets. The businessman added that cryptocurrency, in particular bitcoin, has become one of the most efficient asset classes over the past five to ten years.

At the same time, the CEO of Argo found it difficult to accurately determine the stage of development of the industry. He said he thinks of crypto as a teenager turning into a young adult and believes the market will continue to experience wild price fluctuations until it fully matures.

Real Vision CEO Raoul Pal believes that cryptocurrencies like ether will deprive bitcoin of leadership in the future.