Pfeffer Capital declares bitcoin 1st viable replacement for gold at Sohn

[Mordan]

https://www.marketwatch.com/story/pf...ohn-2018-04-23

Speaking at the 23rd annual Sohn Investment Conference, John Pfeffer, partner at Pfeffer Capital said bitcoin BTCUSD, -0.48% is the first viable candidate to replace gold, saying its better "on every front." Pfeffer joins the Winklevoss twins as the latest prominent figure promoting bitcoin as the next global store of wealth. While championing bitcoin, Pfeffer said that the majority of crypto assets are bad bets. Pfeffer finished by saying that if bitcoin displaces 25% of foreign reserves it would give the network a value of $6.4 trillion. The price of a single bitcoin reached a six-week high Saturday, trading above $9,000.

[Zippyjuan]

if bitcoin displaces 25% of foreign reserves it would give the network a value of $6.4 trillion.

Mighty big "if". I am unaware of any country using Bitcoins as part of their foreign reserve holdings.

I can't find any information on Pfeffer Capital in the US such as assets. https://www.bloomberg.com/research/s...apId=224262310

A UK company by that name was dissolved in 2015. https://suite.endole.co.uk/insight/c...l-advisers-llp