Bitcoin market cap can exceed Gold's after the next decade

[ampu]

Bitcoin has a capitalization surpassing gold is unpredictable. It is also based on the political-economic situation and the policy of accepting bitcoin from major economies and countries. Gold has more applications than bitcoin, gold is used for jewelry, used in engineering machines. Gold is stored by governments as a backup asset. Gold is in the people and is kept carefully.
Bitcoin is too new for a market cap to surpass gold. It may take 30-100 years.

[MCobian]

Nobody can predict the future of Bitcoin, even Satoshi Nakamoto as a Bitcoin creator would not think Bitcoin could reached
an all time high of up to $ 19,000. So I believe the Bitcoin market cap can exceed Gold, we just need to be patient. As long
as the demand for Bitcoin increases, one day it can be reached the Bitcoin market cap will pass through Gold.

[verita1]

That's a very optimistic projection that Pompliano explained to Cointelegraph after posting it in a tweet. He argues that due to the rapid growth in the value of Bitcoin by 2029 the capital market for bitcoin will be bigger than gold.

IMO, anything is possible as long as the community continues to support it, we will come to those predictions.

https://cointelegraph.com/news/pomp-thinks-btcs-market-cap-will-exceed-golds-in-less-than-a-decade

[Slow death]

At this point the market cap of Bitcoin is around $384 billion and Gold's 9 trillion. Assuming that Gold's will double, try to imagine Bitcoin value.

I wonder how far many people's optimism about bitcoin goes, just looking at the current difference and applications of gold and bitcoin we can see that the market capitalization of bitcoin will not exceed the capitalization of the gold market. See how many people buy gold to make necklaces and show off on social media, other millionaires buy gold to keep in the coffers ... there are dozens of things people do with gold, but in the case of bitcoin people will buy bitcoin to make Hodl and use it as a means of payment if the volatility is not very high and that will not attract thousands of people around the world as gold does

Posted by Morgan Creek co-founder on Twitter personal page as a proof for the future of his actual beliefs regarding Bitcoin potential:

"Bitcoin’s market cap will surpass gold’s market cap by Dec 31, 2029.

Posting this as a receipt for the future."

people will forget about it in a few months

Do you think it is a right and robust statement to say? How do we will approach Bitcoin blockchain after 10 years?

this is just another illusion that we see every time the price increases.

[ichi]

I believe that can't be supposed to be "valid", all things considered, it just predicts the present status of the market cap for bitcoin's future. instead of we are occupied with expectations that are not yet clear, we better spotlight on the improvement of the bitcoin blockchain and fabricate more networks so more nations will acknowledge the presence of bitcoin well and get mass reception soon.

[Ratash]

If the full potential of bitcoin is unleached and it became a recognised currency then the price can go up much and bitcoin will be as valuable as gold but its hard to do because the world system will not allow such big transactions out of their hands because bitcoin is decentralised and if they can not control all that money then i believe they will not allow btc to be an official currency.

[(o)(o)ilikeboobs(o)(o)]

With the strong growth of the crypto and internet markets, it is possible Bitcoin will soon reach a greater value level, but to overtake gold may take longer. Gold has existed for thousands of years since ancient times and it will continue to be trusted by people for its value as a store of value, as jewelry and in science. Bitcoin is so new, it is like an initiative to initiate the technology revolution as well as money. It is too early to conclude anything about Bitcoin. If governments officially put bitcoin in the national monetary reserve, I can reconsider that Bitcoin can become an asset that surpasses the capitalization of Gold.

[Chuky92]

At this point the market cap of Bitcoin is around $384 billion and Gold's 9 trillion. Assuming that Gold's will double, try to imagine Bitcoin value.
Posted by Morgan Creek co-founder on Twitter personal page as a proof for the future of his actual beliefs regarding Bitcoin potential:

"Bitcoin’s market cap will surpass gold’s market cap by Dec 31, 2029.

Posting this as a receipt for the future."

Do you think it is a right and robust statement to say? How do we will approach Bitcoin blockchain after 10 years?

It is very clear that Bitcoin is very valuable, have great potentials and its value grows all the time, but looking at Gold, it is an asset that has been from time immemorial, its value grows all the time, countries stores it, companies stores it all because of its value. What I am pointing out is, Bitcoin will have it tough overtaking Gold; another limiting factor of Bitcoin, is its high volatility which is very low in the aspect of Gold. So in my own opinion, it is not a robust statement to say, because countries are still finding it hard to adopt Bitcoin because they can't control it while most people are still skeptical about it because of its volatility (although this will change with time) but same cannot be said of Gold.