And what makes gold gold? Scarcity. Bitcoin is actually fixed in supply so it’s better than scarce … it’s more portable, its fungible, it’s more durable. It sortBitcoin, he predicted has a “potential appreciation of 30 to 40 times,” which would set the Bitcoin price above $320,000 and result in a circulating market cap of at least $4 trillion. of equals a better gold across the boardwe think that there’s a potential appreciation of 30 to 40 times because you look at the gold market today, it’s a $7 trillion market. And so a lot of people are starting to see that, they recognize the store of value properties. So we think regardless of the price moves in the last few weeks cryptocurrencies will ultimately replace fiat currency as the primary medium of exchange for machine-to-machine transactions.“but when machines-to-machines trade economic value, they are going to plug into protocols like Bitcoin and Ethereum.”
