I don’t know about you, but the current bullish growth in Bitcoin is welcoming…
With this growth comes a sense of relish for investors. It’s also a stamp of its status as the digital replica of gold.
Many are quick to say it’s by far more valuable than the gold, with the potentials to expand the market.
Recently, an advocate of Bitcoin, Anthony Pompliano, predicted the coin would surge past $400,000 within the next 50 years. It would eventually take the Bitcoin beyond the reach of gold.
Pompliano, a co-founder of Morgan Creek Digital, says Bitcoin as a digitized asset would supplant gold. He says that Bitcoin can reach the levels of $400,000 to $450,000 and a market capitalization of $8 trillion. Oops! It is a great leap from its present market capitalization of about $240 billion.
While the gains in the market are welcome for all investors, do you feel it could reach such heights in said number of years? Feel free to air your views. Thanks for visiting this blog. I hope you find this useful.