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.