Prediction: Bitcoin Will Be Worth More Than Gold in 20 Years
Although the dominant cryptocurrency is in a bear market, its long-term potential is notable.
Overview
With Bitcoin (CRYPTO: BTC) trading 51% below its record from October last year (as of June 23), it's extremely challenging for investors to be bullish in the current bear market. However, I believe it's still a good idea to remain optimistic in the long run.
It is estimated that the market value of all above-ground gold reserves is $28.9 trillion. This is more than 22 times greater than Bitcoin's market cap of $1.3 trillion. The top cryptocurrency will eventually catch up to the precious metal. It's only a matter of time.
Details
I predict that Bitcoin will be worth more than gold in 20 years. Here's why.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.