BITCOIN WILL REPLACE GOLD AND SOAR IN PRICE TO $700,000, SAYS MAJOR INVESTOR

Bitcoin is better than gold “on every front” and could eventually be worth around $700,000, according to institutional investor, John Pfeffer, a partner at UK-based Pfeffer Capital. Peffer made the remarks at the Sohn investment conference in New York, an event that traditionally serves as a place for investors to recommend the best stocks to invest in, and hasn't seen anyone recommend any cryptocurrencies before.

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