Bitcoin Could Overtake Gold in the Next Bull Run: Binance Founder CZ

[STT]

It is possible to occur, you just need a large supply event in gold.  The whole point with gold is its generally not subject to large amounts flowing into markets but it could occur.   We have a process of democracy in charge of the Fort Knox gold reserves, the world's largest holding of gold.
  So the people could in some ignorance vote to liquidate the gold reserves and spend the cash, it'd be shooting yourself in the foot as its partly a backing at least in theory for the Dollar but its possible as an event.

So the smart thing is not to spill a century of gold right into the market all at once.  If they did do that, the price is going to 3 figures for gold like 2008 levels I guess.
   Then plenty might be holding BTC as a far more secure safer lower supply asset not subject to political disruption in the same way and they'd be right .  

  I dont reckon on those events but people can do anything, many countries did sell all their gold so its happened before.   Price is not value 

[PERtua]

But what interests me is not whether Bitcoin can make it to $1.5 million on one single cycle, it's whether it's the correct metric to compare the market cap of Bitcoin to gold. That's because there is a tremendous amount of physical gold held for jewelry, industry and reserves that's included in the estimated market cap, compared with Bitcoin, which is driven largely by investment. If Bitcoin did not have to take the place of all gold usage in order to try to compete for the same capital. I believe it is interesting to read the long-term comparison because it's not saying that 20x growth isn't possible, it's saying that it's not viable. The key number is just how much investment demand gold could possibly have for Bitcoin.

[Olotu20]

The figures are just too big,  we can't be talking about Bitcoin overtaking gold at this present point in time because, that is not visible and out of the equation for now. What we should be more concerned about is Bitcoin price, the bull run and if Bitcoin can outperform the last all time high that we saw Bitcoin reach , at the last bull run not overtaking gold in terms of market capitalization which will take some years before we can be talking about Bitcoin overtaking Gold.

[okorieemmanuel]

https://decrypt.co/376717/bitcoin-could-overtake-gold-in-the-next-bull-run-binance-founder-cz

Can this become true?

I doubt it, but let me see what people will post about it.

Bitcoin marketcap: $1.6 trillion.
Gold marketcap: $32.396 trillion.

If bitcoin will get to over $32 trillion in marketcap, it would have surpassed $1 million and going to $1.5 million in price.

That mean bitcoin volatility in the uptrend increased significantly in a way many people among us do not expect.

What I believe is that bitcoin will get to all time high,  but bitcoin will not go above $350000 in the next bull run.

This figures are a bit huge but it doesn't change the fact the Gold - Bitcoin is still bearish. Until this charade changes, Bitcoin can never surpass gold.

[Zigabel]

This by now should be no new thing to those who has been into Bitcoin long before now, these are patterns that big whales some times do use to stair up liquidity in the market and then they make profit form it, they know that some persons out there will take whatever information they put out there and act on it because somehow they are been regarded as authorities in that field and so they will not be doubted rather be taken even more serious , the likes of CZ and other institutions and whales does has a way they influence the market by the information they put out there and they clearly know about it, so sometimes they take advantage of it.

Now, not like it is not possible, it is very possible to see Bitcoin at such price, but the problem or challenge will always be with the set time they have set to see that happen, because no one can accurately predict the exact time when Bitcoin will eventually get to certain price, so all of this makes it the reason why we sometimes should not be soo carried away by such information when we get them, Bitcoin will eventually get to that price range, But how long it will take before it gets there is what we don't really know, and so will take every speculation with some sense of probability.

[leonair]

Bitcoin marketcap: $1.6 trillion.
Gold marketcap: $32.396 trillion.

There is a big difference between Bitcoin and Golden market cap and on the other hand Bitcoin price will increase a lot and Bitcoin will continue to be more expensive as time goes by. But one thing is that Bitcoin supply is fixed, more than 21 million Bitcoins will never be mined. But Gold has no fixed supply, Gold is mined constantly and there is a lot of demand for Gold all over the world, so as time goes by, the price of Gold is increasing. Recently, the price of Gold is seen increasing at a very fast pace. So Bitcoin cannot easily surpass the market cap of Gold. If Bitcoin market cap wants to be $33T in the next bull run, then the price of Bitcoin will have to hit about $1.6M or more. And this is never possible very quickly. And in the future, the gold market will be stable at $32T, which is not going to happen.

[okorieemmanuel]

Bitcoin marketcap: $1.6 trillion.
Gold marketcap: $32.396 trillion.

There is a big difference between Bitcoin and Golden market cap and on the other hand Bitcoin price will increase a lot and Bitcoin will continue to be more expensive as time goes by. But one thing is that Bitcoin supply is fixed, more than 21 million Bitcoins will never be mined. But Gold has no fixed supply, Gold is mined constantly and there is a lot of demand for Gold all over the world, so as time goes by, the price of Gold is increasing. Recently, the price of Gold is seen increasing at a very fast pace. So Bitcoin cannot easily surpass the market cap of Gold. If Bitcoin market cap wants to be $33T in the next bull run, then the price of Bitcoin will have to hit about $1.6M or more. And this is never possible very quickly. And in the future, the gold market will be stable at $32T, which is not going to happen.

There is a huge gap. Bitcoin still needs more recognition to surpass gold in terms this figures. Maybe in future but I doubt it would be anytime soon

[Leahized]

Now, not like it is not possible, it is very possible to see Bitcoin at such price, but the problem or challenge will always be with the set time they have set to see that happen, because no one can accurately predict the exact time when Bitcoin will eventually get to certain price, so all of this makes it the reason why we sometimes should not be soo carried away by such information when we get them, Bitcoin will eventually get to that price range, But how long it will take before it gets there is what we don't really know, and so will take every speculation with some sense of probability.

I think, cz words will never be reflected. Because cz job is to keep the market buoyant and nowadays these news do not have much impact. Currently, the market value gap between Bitcoin and Gold is very high. According to statistics, it is almost difficult for bitcoin to spread against gold. And I never believe it will be realised. In the current context, any unwanted incident can happen in the world. As a result, Bitcoin will be affected but Gold will remain.

We know that, Bitcoin is a volatile currency and rises and falls very quickly. But Gold is relatively less volatile and upward. However, Bitcoin is profitable but the level of risk is strong.