“Some suggest that Bitcoin should reach 10% or even 50% of the market value of gold. But the truth is that Bitcoin is 10 times better than gold. If you are 10 times better, it makes sense that you would eventually be valued at least twice as much,” explained the famous investor.
In an interview this Friday with CNBC, Anthony Pompliano, tech investor and podcasterraised the possibility that the market capitalization of Bitcoin could double that of gold in the near future.
Pompliano not only predicted that Bitcoin will surpass gold, but also suggested that it could double its capitalization value. This comment comes at a crucial time, just before Bitcoin hit a new all-time highunderscoring the inherent volatility of the cryptocurrency market.
Discussing Bitcoin’s growth potential, Pompliano noted: “When we approach these milestones and look back, we see that in three out of four cases, Bitcoin has doubled its value in 18 days. That’s something significant to consider. Once a new record is reached, the focus turns to price. How much does it cost? And this is how the world begins to reflect on it“
Bitcoin: new all-time high
The price of Bitcoin recently surpassed its previous all-time high, settling just above $69,000 this week. In line with what the guru stated, This Friday it reached a new maximum of US$70,000.
Besides, Pompliano expressed his opinion that Bitcoin will eventually eclipse gold in terms of value. Currently, gold has a market capitalization of around 14 billion dollarsbut Pompliano believes that Bitcoin should significantly exceed this value in the future.
“Some suggest that Bitcoin should reach 10% or even 50% of the market value of gold. But the truth is that Bitcoin is 10 times better than gold. If you’re 10 times better, it makes sense that you’d eventually be valued at least twice as much.” Pompliano explained.
Source: Ambito
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