Bitcoin’s Market Cap to Surpass Gold’s $18T in the Next 10 Years with BTC Reaching $1,000,000, Coinbase CEO Predicts
The post Bitcoin’s Market Cap to Surpass Gold’s $18T in the Next 10 Years with BTC Reaching $1,000,000, Coinbase CEO Predicts appeared on BitcoinEthereumNews.com.
Coinbase CEO Brian Armstrong urges governments to allocate a portion of their gold reserves to Bitcoin, viewing it as a modern, stronger store of value. He predicts Bitcoin could surpass gold’s $18 trillion market cap within 5-10 years, potentially reaching $1 million per BTC. As Bitcoin price surged 4%, reaching the crucial resistance of $106K, Coinbase CEO Brian Armstrong has shared his opinion, weighing the largest crypto asset class above Gold while predicting that Digital Gold would overtake the yellow metal in the future by reaching $1 million value. Coinbase CEO Brian Armstrong Champions Bitcoin Over Gold Calling Bitcoin a better form of money than Gold, Coinbase CEO Brian Armstrong highlighted BTC’s key aspects of scarcity, portability, and divisibility as major advantages. Furthermore, Armstrong also predicted that Bitcoin, which has a current market cap of just over $2 trillion, will overtake Gold with a market cap of $18 trillion. Thus, this could mean a near 10x surge in the BTC price, taking it to over $1 million. Interestingly, Armstrong predicts this to happen over the next 5-10 years. In a detailed post on X (formerly Twitter), Armstrong outlined his reasoning. While acknowledging gold’s decentralization and scarcity, he argued that BTC is more portable, fungible, and has superior divisibility. Furthermore, Armstrong emphasized the transparency of Bitcoin transactions on the blockchain, contrasting it with the challenges of verifying gold’s purity. Today, Bitcoin’s market cap of ~$2T represents about 11% of gold’s market cap of ~$18T. Bitcoin is a better form of money. It has the decentralization and scarcity of gold, but better divisibility, portability, and (i think) even fungibility. It’s relatively harder to tell if… https://t.co/DJJxj4EA6n pic.twitter.com/51LSKaU49a — Brian Armstrong (@brian_armstrong) January 23, 2025 Additionally, the Coinbase CEO highlighted Bitcoin’s significant growth potential noting that its market cap is just 11% that of Gold’s.…
Filed under: News - @ January 25, 2025 1:10 am