Top-notch economist Professor Daniel Lacalle, PhD is a seasoned fund manager and author of the bestsellers 'Life in the Financial Markets' and 'Escape from the Central Bank Trap'. He is also a professor of global economics at the IE Business School in Madrid.
From Financial Assets to Real Currency
According to a tweet by Dr. Lacalle, cryptocurrencies are beginning to enter a new stage of progress. Despite being widely treated as one type of many assets, they are ready to accept a more important role.
According to him, cryptocurrencies have started to establish themselves as real alternative currencies. Dr. Lacalle illustrated this announcement by the price performance charts of Bitcoin (BTC) and Ethereum (ETH).
However, Dr. Lacalle foresees rooms for significant growth for influence by the cryptocurrencies segment. One of the most influential modern economists predicts that it is a 'long way to go' for the adoption of digital currencies as a financial instrument.
It should be noted that Dr. Lacalle is a seasoned contributor to CNBC, Bloomberg TV, BBC, Hedgeye, Seeking Alpha, Business Insider, and several other industry-level financial media outlets.
Paradigm Shift
In 2020, several meaningful announcements regarding cryptocurrency recognition have been made by individual within the spheres of 'classic' or 'real-world' economics: investments, trading, regulation etc.
For instance, billionaire Paul Tudor Jones inspired a short Bitcoin (BTC) rally from his CNBC interview. In his interview, he admitted that he invested about 2% of his assets or almost $100M in Bitcoin (BTC).
Just like Dr. Lacalle, PTJ highlighted that Bitcoin (BTC) is a maturating asset:
Every day that goes by that bitcoin survives, the trust in it will go up
Legendary investor Robert Kiyosaki, author of 'Rich Dad, Poor Dad', has also become into a vocal Bitcoin (BTC) proponent. He recently criticized billionaire Warren Buffet for slamming the flagship cryptocurrency.