CEO of Sundaram Mutual Fund (which manages a corpus of $ 5 billion ) Sunil Subramanian believes that Bitcoin though not backed by any fundamentals still the world needs it as It has a future. Subramaniam believes bitcoin is an alternative to gold. “The flow of gold is bit regulated, as central banks the world over keep gold with them and release often at their own will,”But at the same time the world needs something which cannot be held, cannot be traded but only reflects the flow of money -- a flow of thoughts in a particular price and Bitcoin will be the first choice.
I will also agree with his statement and give a thumbs up to Bitcoin.
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