Bitcoin vs Gold: BTC Can Take 50% of Gold's Market Share

Bitcoin vs Gold – If you think Bitcoin is dead or will be killed by Google’s Quantum computing, you are in for a big surprise. The year 2020 is going to be another epic year for BTC and cryptocurrency as a whole.

Even CNBC recently entertained a $200,000 to $250,000 Bitcoin Price in one of it’s ‘Fast Money’ episodes. The network hosted several prominent bitcoin analysts who talked about the first cryptocurrency‘s future.

Bitcoin 2020, 2021, 2022 Predictions

A number of bitcoin bulls predicted a $250k BTC by 2022. Attending the segment’s Bitcoin discussion were: Fundstrat Global Advisors, Brian Kelly; famed crypto investors, Tom Lee and Tim Draper.

All three are bullish on Bitcoin and predicted BTC will reach at least $200k in the near future.

Said Brian Kelly

“If Bitcoin just stayed in this pattern — and this is normal analysis people do on all asset classes — if it just stayed that channel, the top of that channel’s around $200,000-$250,000.”

Bitcoin vs Gold

In order for their predictions to materialize; trading between $200k-$250k per coin, Bitcoin’s market cap, currently standing at a little over $130 billions will have to reach $4.5 trillion dollars by 2022. That’s exactly 50% of gold’s total supply.

Insane Bitcoin prediction? Not so fast, BTC has reportedly outperformed gold by one hundred miles. Bitcoin has gain 9,000,000 percent; which makes it the best investment this decade. Pitting Bitcoin against gold in a contest, BTC is the clear winner; the undefeated champ.

Mr. Kelly continued,

“I think Tim Draper thinks — and I certainly have some of his views — that Bitcoin is going to take market share from gold.”

Having a live debate on CNBC is testament that Bitcoin has gone mainstream. For the network to be bullish on Bitcoin even with BTC’s price declining, is a sign of great things to come for the cryptocurrency community.

What’s your thoughts on bitcoin vs gold debate? Can BTC market share really overtaken gold by 2022?