Adding to the positive hype so far over the past week, the digital currency ecosystem has lost some of its shine so far this year, with prices down more than 50% across the board.

Despite this dismal performance of Bitcoin (BTC) and the broader crypto ecosystem, Coinbase CEO Brian Armstrong has gone so far as to express that he believes investors could come to see the top cryptocurrency as a major flight to a safe haven in the next 5-10 years.

Speech In an episode of the Coinbase Exchange Around The Block Podcast, the vocal CEO noted that Bitcoin’s market cap currently doesn’t help it play the role it should as Digital Gold.

With inflation the order of the day around the world, assets like Bitcoin are expected to become quite attractive to investors looking to maintain the value of their capital. While Bitcoin played this role very well in the previous fiscal year, it is performing quite disappointingly this time around.

Brian Armstrong believes this could change dramatically if the global financial ecosystem now took more account of the nascent asset class with evidence in the market capitalization of assets.

“I think we’ll see that probably change over time. I could see that in the next five or 10 years, as the crypto economy really becomes a larger percentage of global GDP, people will really flee to Bitcoin as the kind of ‘ new gold'”. ‘ so to speak, but that hasn’t happened yet,” the billionaire said.

Depending on the current perspective that different investors have, Bitcoin is considered the best digital gold by bulls like Michael Saylor, whose company, MicroStrategy Incorporated, has piled up more than 120,000 units of the cryptocurrency.

Adding to the fear of extreme volatility, more asset managers are now starting to allocate funds to invest in Bitcoin as soon as the market returns to normal.

Image Source: Shutterstock