Wow! Crypto taking half of Gold's market cap by 2020 is a super bold call!
I also own both, and I that sir is a bet I would be very happy to take!
Care to make a gentleman's wager?
I've also been following this debate and I agree with Rickards. Bitcoin and all cryptocurrencies for that matter are a speculation. I'm happy to ride my profits higher, but I'm not confusing the two.
To me it is like the difference between my shares of Apple and my life insurance policy. Apple can't take the market cap of my life insurance. I know exactly how much my policy will be worth in 60 years, but have no idea if Apple will even be around.
Yes, it's indeed very bold, so bold I'm not going to take the wage because the dollar numbers will likely be on your side. Gold will surely increase in it's dollar price.
The thing is I believe it will happen but on terms of actual purchasing value, not the dollar value. I'm foreseeing massive QE and dollar devaluation once the next global crisis hits and it seems it will be a big one. Gold will actually be a very good investment to pay off mortgages or any other dollar denominated debts. That's what I'm keeping mine for. Regards