Expert Predicts Bitcoin Market Capitalization Can Compete with Gold
Follow Us @
Expert Predicts Bitcoin Market Capitalization Can Compete with Gold
Liputan6.com, Jakarta Fidelity Global Macro Director, Jurrien Timmer predicts that Bitcoin's market capitalization will reach a quarter, rivaling the value of gold. One of the factors is because Bitcoin is considered 'digital gold' in the current era.
Jurrien Timmer explained that the market capitalization held for investment, apart from jewelry or industrial purposes, reached 40 percent of all available gold. Its value is estimated at USD 6 trillion.
He thinks Bitcoin can capture a large part of this market, leveraging its current value of USD 1 trillion as a foundation for even faster growth going forward.
“I estimate Bitcoin will eventually account for about a quarter of the monetary gold market. “At a 40 percent level, monetary gold is currently worth around USD 6 trillion, while Bitcoin is worth USD 1 trillion,” said Jurrien Timmer, citing cryptonews.comMonday (26/2/2024).
In order to make this estimate, it is also necessary to consider the inherent characteristics of Bitcoin crypto which align it with the monetary role of gold storage.
This includes shortages due to limited supply and increasing demand as a hedge against inflation and currency devaluation.
Additionally, Bitcoin's digital nature and decentralized framework positions it as a modern alternative to gold, particularly appealing to tech-savvy individuals and a younger demographic of investors.
Expert Predicts Bitcoin Market Capitalization Can Compete with Gold
Follow TODAYSGIST on Google News and receive alerts for the main trending news on cryptocurrency, market trends, upcoming events, predictions, sanctions and lots more!
SHARE POST AND EARN REWARDS:
Did you like this post?!!! Join our Audience reward campaign and make money reading articles, shares, likes and comment >> Join reward Program
FIRST TIME REACTIONS:
Be the first to leave us a comment, down the comment section. click allow to follow this topic and get firsthand daily updates.
JOIN US ON OUR SOCIAL MEDIA: << FACEBOOK >> | << WHATSAPP >> | << TELEGRAM >> | << TWITTER >
#Expert #Predicts #Bitcoin #Market #Capitalization #Compete #Gold
-
Cryptocurrency3 months ago
NFT Sales Touch IDR 4.3 Trillion in the Second Week of February 2024
-
Sports3 months ago
Making history at the 2023 Asian Cup, the Indonesian national team raises its position in the FIFA rankings
-
Sports2 months ago
Falling from Bilbao, Girona's position is threatened in the Spanish League
-
Sports2 months ago
PSG Will Try to Sign Frenkie De Jong from Barcelona
-
usa today entertainment3 months ago
Adu Outfit Park Min Young Becomes an Office Worker, from Drakor What's Wrong with Secretary Kim to Marry My Husband
-
Sports3 months ago
And Ashworth Urges Manchester United to Seize an Important Figure at Chelsea
-
Trend tech & Telecoms3 months ago
28 Terrorist Group Accounts Get Paid Blue Check on X
-
Sports3 months ago
Lukaku Calls Draw Away Good Results