The price of Bitcoin will grow so much that it makes the cryptocurrency stronger than gold. The latest predictions
Bitcoin will also outnumber gold, but when?
The price of Bitcoin will continue to gain ground in the coming years and will go so high that it will even surpass gold.
To say it Bobby Lee, co-founder of the BTCC exchange who made a comparison between the two markets and tried to put all the factors that will support the most monitored quotation of the cryptocurrency sector in black and white.
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According to his forecasts, the price of Bitcoin will grow so much as to allow the digital minting to boast a capitalization of several trillion, higher than that of the gold market.
To date, Lee pointed out, the precious metal market , traditionally considered a safe haven, is worth 8 trillion dollars, while the BTC market is around 160 million.
To use the same words as the expert, overtaking will take place over 9 years. Bitcoin's price will spill over $ 500,000 , while its capitalization will jump over $ 9 trillion .
A theory which, as is evident, is presupposing substantial immobility of the gold market.
As many have predicted, halving will support the price of Bitcoin will halve the rewards paid to miners for their business . The next operation of this type will occur in 2020 and many have already foreseen a consequent jump in the price.
Decreasing supply could lead the cryptocurrency to gain broad ground. For Lee, digital minting will become scarcer than gold. The price of Bitcoin, according to him, could even reach $ 1 million .
