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

[ijeb]

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?

[ranochigo]

It's honestly hard to predict and at this point in time, there really isn't any indication that the value of Bitcoin to grow in a factor of 40. I find it hard to believe that Bitcoin would be that valuable without the majority adopting Bitcoin and government supporting it. Even so, a value that high would still be difficult to reach.

Hope that it would eventually happen but it's hard to imagine it happening.

[affandi]

I think that can't be said to be "true", after all it just predicts the current state of the market cap for bitcoin's future. rather than we are busy with predictions that are not yet clear, we better focus on the development of the bitcoin blockchain and build more communities so that more countries will accept the existence of bitcoin well and get mass adoption soon.

[LUCKMCFLY]

It really is my passion, Bitcoin and gold, for me they are the most active that represent the most money in the world and have a large market capitalization. As time goes by, people will know more about bitcoin and by pure logic the market capitalization will increase ... It is very likely that it will exceed the market capitalization of gold, Bitcoin with the passage of time they will see it more and more legitimate .

[mk4]

A reminder: regardless how realistic or unrealistic these "predictions" are, these big name people are posting these sort of predictions for publicity; obviously to gain more users and exposure to their business/platforms. It's pretty much the same with every outrageous "predictions" out there.

[Jawhead999]

I believe most people on Jan 2009 – Mar 2010 also said "it's impossible if Bitcoin will reach $100, $1000, $10,000 and so on". Because on Jan 2009 – Mar 2010 the price of Bitcoin is basically nothing [1] , but after 10 years the price is $11,775 right now. It already show how valuable and powerful Bitcoin is.

Nothing is impossible, Bitcoin only need more mass adoption to exceed Gold. Even its not on the next decade, maybe in the future...

[1] https://en.wikipedia.org/wiki/History_of_bitcoin

[philipma1957]

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?

nope.

we have under 19 million mined
and we have under 12k price

last i looked 19 mill x. 12k is about.

228 billion not 384 billion.

so you are wrong.


now do i think the 228 billion will grow to 9 trillion in under 9 years.

a 39x increase  has happened so it could.

But I suspect if it does move to 9 trillion that gold will grow to at least 18 trill. in the same time frame.

[Upgrade00]

For this to happen, Bitcoin would need to multiple by at least 2300%, when you consider newly mined coins which would increase the supply, that percent would be much lower. While this is within the realms of reason especially looking back at the last ten years, it's pretty much a wide guess and I consider such price predictions unnecessary, 1 BTC would m be 1BTC in 2029, and that's the value that really matters.
Twitter is not the ideal platform to learn about bitcoin, educative profiles are few and far between with majority of the crypto tweets there being shills (focused only on the USD and gold value), with little or no content about the technology behind Bitcoin.

[NeuroticFish]

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

There's a pretty good chance it'll happen earlier.
However, the future cannot be predicted, so any prediction made about what'll happen in 10 years is pointless and has 0 value.

[jpnl0006]

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?

This has already been said severally by ROBERT KIYOSAKI and also logically explained by Warren Buffet's recent move of buying several digital asset and moving out of stocks and shares from bank. When big wigs in wall street start buying crypto, it only tells you that the even gold will soon second bitcoin as their market cap will switch positions in i the shortest of time to come.

[akram143]

No I guess in such a short time frame, the growth of bitcoin in its first decade was huge and no one expected things but now bitcoin also got attention and lot of people speculating with it so reaching such a huge value is not going to be easy as in 10 years frame but if this happens I would be extremely happy.

[Oasisman]

That predictions remains a prediction. A 10 years time frame, no one would actually remember that when the time comes, with a lot of predictions going on in the social media. These famous people are just making some noise to attract attention for their own interests in this business field.
Atm, Gold seems invincible when it comes to marketcap, but yeah everything is possible who knows Bitcoin will dominate the marketcap, but 10 years? I doubt that.

[Lordhermes]

This had been the recent news now in different news channel like the South African channel, and also booming on twitter on this comparative analysis Bitcoin and Gold. There are many factors that bitcoin usage could be avoided and considered first before volume surpasses gold in near future.
[1]. Government regulations.
[2]. Ponzi Scheme retrieval and reduction.
[3]. Vast popularity and promotion/adoption.
       And others..
If these factors above could be handled correctly, then bitcoin volume could hit closer to gold gradually in the future.

[ReiMomo]

That predictions remains a prediction. A 10 years time frame, no one would actually remember that when the time comes, with a lot of predictions going on in the social media. These famous people are just making some noise to attract attention for their own interests in this business field.
Atm, Gold seems invincible when it comes to marketcap, but yeah everything is possible who knows Bitcoin will dominate the marketcap, but 10 years? I doubt that.

Exactly right, but I saw the potential on it. If we look back before 10 years ago we have see a huge improvement of bitcoin and let us consider that after this 10 years it will the same happen to the bitcoin price. A 10 years time frame of bitcoin prediction is too much to surpass the gold and I think that goal will I guess easily to reach.

Look at the dominance of bitcoin year by year, showing the chart continuously rising up is enough evidence that there are chances price of bitcoin will rise up soon.

[hatshepsut93]

That would require Bitcoin to reach ~300k. Is that possible? If you judge from past performance, yes. We've seen such rates of growth in the past. Is this enough evidence that it will happen? No, because past performance doesn't guarantee the future performance.

Even then, while Bitcoin can reach $300,000 for a brief moment, sustaining it is much harder. We have reached $20,000 once and now we still can't retake it. If Bitcoin will ever outgrow gold's marketcap, it will take much more than a decade to do so.

[Wexnident]

Robust? A prediction is never robust imo, and never would be. The only way a prediction could actually be solid is if you were from in the future and came back to say that, yes, that would happen. Right statement? No one really knows. There really isn't any right or wrong in predicting anyway, the answer would only be revealed once the situation is over. I'd rather say that I'd want more situations of Bitcoin to actually revolve in adoption, and possibly coordination or at least, acceptance from the respective Government agencies. Especially with how the supply will only go lower for the next decade.

Even if we do say that history repeats itself, the notion of Bitcoin defeating Gold in under 2 decades? Seems quite difficult, or impossible imo. I'm not being doubtful, I'm just looking at it realistically. Even if we do say that Bitcoin is very popular right now, can it sustain it for the next decade? Adding on to that, can even more people join in on the adoption of it? There's a lot of questions involved, so yeah, I really doubt you should trust predictions for over a decade that much.

[sunsilk]

It's a decade so that's safe to assume with that market cap. Bitcoin's price is quickly increasing so there's a big possibility that it can happen on that prediction. Remember that bitcoin is a speculative asset so those speculations that have realistic claims can come into reality.

The digital age is where we at right now and a lot of investors looking for alternative investments that can easily be understood by them. Bitcoin is the perfect asset for them and it's not that hard to understand which can make the demand and market cap higher any time soon.

[davis196]

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?

This is just another one of the "Bitcoin price will hit 1M USD after 30 years" type of predictions.
I don't believe that Bitcoin will ever surpass the Gold market cap.The governments are still pretty negative or neutral towards Bitcoin.Gold,on the other hand,has been a central bank reserve asset since the creation of central banks and fractional reserve banking,so all the governments will always see Gold as a more valuable asset than Bitcoin.
10 years is a pretty long time frame in the high tech world.Everything can change by 2029.Bitcoin might dominate the world,or it might disappear.

[DoubleEdgeEX]

Absolutely possible. Someone posted an interesting graphic on Reddit, https://ibb.co/TT250Nr  if you want to check it out. I think we need more clear and easy to understand comparisons so people could understand faster how BTC is working and what size it already has

[Lucius]

I am fascinated by how much people are obsessed with gold, as if there is still a gold rush that drives people crazy. Comparing gold and Bitcoin in my opinion makes very little or no sense at all, because these are two completely different things, each with its own purpose and application.

Although most perceive it only as a store of value and for making jewelry, its application is much greater than that -> https://geology.com/minerals/gold/uses-of-gold.shtml

Bitcoin, on the other hand, is a digital cryptocurrency that can also serve as a store of value. In addition, can we use Bitcoin in jewelry making, electronics, dentistry, medical, aerospace and many more areas? Of course not, so the price of gold is the result of the total application of this metal, and the price of Bitcoin is the result of its current application, ie supply and demand.

In the next 9 or 10 years, Bitcoin will succeed or fail in its positioning on the world market - this was predicted by Satoshi himself in one of his statements. Trillions of dollars or euros can certainly find their way to Bitcoin, and then anything is possible - so who among us believed in early 2017 that a growth of almost 20 times could happen? Today, some people think that $100k is science fiction - and in fact it's all just a matter of investor confidence in digital gold (Bitcoin).