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?
Raised in the U.S., Anton has a B.A. in economic history and has been in the cryptocurrency industry since 2017.