In London, the Future of Digital Asset was held yesterday, an event organized by Bloomberg and during which John Pfeffer, founder of Pfeffer Capital, Travis Kling, founder and CIO of Ikigai Asset Management and Charles McGarraugh, manager of markets for Blockchain, they discussed, with the moderation of Alastair Marsh (historical Bloomberg signature) of bitcoins and cryptocurrencies in a complex scenario such as the current one, characterized by crises such as the brexit, the US-Chinese duty war and a growing one uncertainty on the geopolitical level. The first to express himself was Charles McGarraugh, who stated that he agreed with the line of thought that states that bitcoin becomes more attractive during economic cycles characterized by recession and uncertainty; a concept that also agreed with John Pfeffer, who claimed to consider BTC digital gold but specifying that this is the future of the currency created by Satoshi and not the present. Particularly interesting are Kling's statements, which came more specifically by declaring that:

"Bitcoin is an asset at risk, with specific investment characteristics that become increasingly attractive the more irresponsible the monetary and fiscal policy of central banks and governments around the world; those who invest in BTC today do not do so because they consider it to be a store of value, but because they believe it can become so in the future and recognize, therefore, already today that bitcoin shows to have precise characteristics in this sense "

According to Kling, it is the abandonment of the gold standard (that is, the fact that the circulating money supply is no longer guaranteed by gold reserves) that makes bitcoins so useful. Moreover, it is becoming very frequent that prominent figures in the economic and financial system show that the countries' debt is no longer sustainable and is completely detached from the real economy; recently it was Jerome Powell, head of the FED, who affirmed this noting that US debt is growing faster than GDP and that in a long-term perspective this is not sustainable. Translated in a nutshell means that the states may soon be no longer in a position to repay their debt and in fact numerous reports indicate that the next economic crisis, which many consider imminent, could involve sovereign debt. If this were to happen, we could witness hyper-inflation phenomena, similar to the one that hit Venezuela, and this would mean that savers would lose much of their purchasing power; this explains why bitcoin becomes more and more attractive not only for ordinary people but also for large institutional investors.