The journalist asked whether the rise in Bitcoin to $500,000 would crash the markets and lead to a "crazy increase in prices around the world" because it would create "a huge number of incredibly wealthy people."
"No, that won't happen. [...] I don't know a single person who bought Bitcoin, say, at $3,000, and held it until at least $20,000. Not because they all sold out, but simply because I don't know such people," Nosov replied.
Gordon noted that "people could have bought 100 Bitcoins for $3,000 and held them until now," and asked if there are any such individuals.
"Unfortunately. I really like the phrase by [American billionaire] Warren Buffett. A journalist once asked him: 'You have a very simple investment strategy. You buy asset classes you believe in and hold them for exactly 10 years.' – 'But that's a simple strategy. Anyone can replicate it, but not everyone wants to get rich slowly.' And therein lies the code," Nosov believes.
He referred to the current economic model in the world as fake.
"Bitcoin can introduce an element of stabilization into this world order. And it needs to be introduced. Because at some point, the economic model that works today will simply destroy the world. Bitcoin can make certain adjustments and guide the world in the right direction. Today's economic model is destructive. The generation of people who emerged after the 2000s, who are, by the way, 25 years old now, have a worldview that is fundamentally different from that of people born in the 90s and, God forbid, the 80s. [...] These are people born in the internet era. They are individuals who will never trust gold in their lives. They are people for whom the coolest authority is some guy from a forum... Everything is wired differently in their minds, and these people are digital. For them, Bitcoin will be an idol. Not just an asset, not just a reserve fund, but an idol," Nosov explained.