Bitdeer’s Jeff Laberge says the sustainability of Bitcoin is attractive to businesses and governments.
Bitcoin’s long-term asset role continues to gain traction among institutional players, with Bitdeer’s strategic initiative, head of capital markets, according to Jeff Lobage.
Speaking on Roverson and Roundtable, Laberge said the sustainability of Bitcoin is attractive to both businesses and governments.
“If you think Bitcoin is gone, forget whether it will be zero or a million,” Labellju said. “If you think it’s going to disappear at some point, then no one would invest in it or have a big company or a US government.”
Nelson pointed out that large companies are not taking a whim to their balance sheets.
“As this space grows, there appears to be a building of consensus. As more people come into the market, and institutional investors come in,” Nelson said. “If they don’t see it, why would they do this? You’re not going to become a big company, you decided to put Bitcoin on your balance sheet. You’re going to be the president of the US and if you think this asset is strong, we won’t have some kind of strategic reserve fund.”
Laberge agreed, noting that the institution is considering the fundamental strength of Bitcoin, rather than short-term price fluctuations.
“I think it’s just going to come back to it,” he said. “It’s a proxy from there and confidence in asset class as an advantage.”
Nelson pressed Laberge on whether Bitcoin’s price trajectory is inevitable.
“The next year, it may go up, down, up, down, but it may end up by the end of the year,” Nelson proposed.
Laberge, cautiously, admitted that this is likely.
“I hope so,” he said. “Personally, yes. I think we’ll happen this year… but a lot of things get into it.”