RE: Pompliano : Bitcoin Market Cap To Exceed Gold In Less Than A Decade
For Bitcoin to exceed gold ‘s market cap , Bitcoin ‘s market cap would have to reach $ 9 trillion – now I do not think that is excessive by any means . Of course Peter Schiff had to throw his two cents in but is anyone really listening ?
Pomp Thinks BTC’s Market Cap Will Exceed Gold’s in Less Than a Decade
” The current market capitalization of Bitcoin stands at $227 billion, while gold’s cap is about $9 trillion. That means that gold’s market cap is roughly 40 times higher than Bitcoin’s at time of writing. It was not clear from the tweet whether Pompiliano meant that Bitcoin’s cap would be higher than the current capitalization of gold, or the cap he expected gold to hold by 2029.
In conversation with Cointelegraph, Pompliano clarified:
‘ In 2029, the bitcoin market cap will be bigger than gold when they’re compared side by side. ‘ ”
Not excessive, at all!