For André Jakurski, who is considered one of the greatest managers in Brazil when it comes to active management, Bitcoin may be considered a work of art, but it is not a reserve of value.
André Jakurski, one of the founders of BTG Pactual Bank participated in a live on Youtube last Wednesday (13) and when asked about Bitcoin, he explained that from his point of view cryptomoeda resembles a work of art, but is not a reserve of value.
For André Jakurski, who is considered one of Brazil’s greatest managers when it comes to active management, Bitcoin can be considered a work of art.
In his opinion, works of art are highly valued, but most are devalued over time.
„My opinion about Bitcoin is the same opinion I have about a Picasso painting: it can go up, as it can fall.
In fact it has no intrinsic value, it is sold by the theory of scarcity, because as they say it won’t have more bitcoin in it, it will become a work of art that you collect.
A piece of canvas with paint inside can be worth $50 million or $100 million, because the buyer is the one who makes the price: if the buyer thinks it’s worth it, he buys it“.
Bitcoin has no intrinsic value
According to the entrepreneur, there is no doubt that Bitcoin, „because it is a work of art“ can reach $400,000″.
The entrepreneur said that Bitcoin has no intrinsic value, according to him, what counts is the law of supply and demand, and the fact that cryptomeda is very volatile cannot be considered a reserve of value.
„Now it is an asset that oscillates a great deal, so it cannot be a reserve of value.
It is that neither Tesla nor any other asset. This is important for people to understand: Bitcoin is not a reserve of value.
You want to play with it, play with it, but don’t go buying it thinking it will have inflation all over the world and it will protect you“.