As the price of bitcoin tested new monthly lows over the weekend, one investor was far more upbeat, predicting better days ahead for the cryptocurrency.

Alistair Milne, chief investment officer at Atlanta Digital Currency Fund, made the forecast on social media of a return to form for bitcoin.

Starting with an explanation of where bitcoin has been previously, Milne claimed that bitcoin has reached mainstream awareness, so “fear of missing out” has returned.

“Investors are now very aware that bitcoin is like trading gold with 100x leverage and, next year, bitcoin’s inflation/production rate will actually be *lower* than gold’s,” he wrote. “No-one appears to doubt the usefulness of Gold as an investment, they shouldn’t doubt gold 2.0,” Milne said in a subsequent tweet.

“It takes time for sentiment to change. 30-50million people owning crypto is not the industry’s peak,” Milne added. “The next bull run will decide which public blockchains persist for the next 100 years. I believe bitcoin is currently the *only* sure thing.”

The “gold 2.0” narrative isn’t a new one. EWN noted that Dan Held, a former Blockchain and Uber Technologies Inc. executive argues that bitcoin is a store of value rather than pure digital cash. Held argues that while bitcoin can be used as an online medium of exchange it was “purpose-built” to be gold-like, rather than a decentralized, digital version of the U.S. dollar.

The Winklevoss Twins are also on record as saying that bitcoin is “better at being gold than gold itself.”

Whether gold 2.0 or a medium of exchange, the price of bitcoin has continued to decline. As of 9:45 p.m. EST, bitcoin was trading at $3,543.22, down 4 percent over the last 24 hours and up slightly from a daily low of $3,506.67. Bitcoin’s low for the past month was $3,497.67 on Jan. 14.

Image: Pixabay