Is Bitcoin Really Digital Gold?

Is Bitcoin Really Digital Gold?

In order to get an insider's view, Business & Technology Review spoke with Khurram Shroff, the Dubai-based Chairman of the IBC Group and one of the region's largest "HODLers", with an estimated one million Bitcoins. Khurram's association with Bitcoin, the original cryptocurrency, dates back to 2009 when it was being traded for merely $0.0008 per coin, following the 2008 recession and the housing market crash. In the years since then, Bitcoin, which was once a relatively underground phenomenon, has gone through many ups and downs. Till finally, it has taken residence under the spotlight in world markets. So what better time than now, to ask one of the region's biggest crypto players what he makes of the rise of Bitcoin and other cryptocurrencies? And what does the future hold for this 'digital gold', in his opinion?

Can you give us a lowdown on the current bull run of Bitcoin? Does it carry a relapse risk?

Bitcoin has witnessed its fair share of ups and downs since 2010. But for crypto stalwarts like me, who saw the big picture, the current bull run is not in the least bit surprising. Bitcoin's meteoric rise is primarily owed to its inherent characteristics. Creator Satoshi Nakamoto