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The CEO of Galaxy predicts that the market value of Bitcoin will surpass gold in 5 to 8 years

The CEO of Galaxy predicts that the market value of Bitcoin will surpass gold in 5 to 8 years

Bitget2024/12/18 01:55

Galaxy Digital founder and CEO Mike Novogratz predicts that Bitcoin could surpass the market value of gold in 5 to 8 years. He stated that the market momentum and growth rate of Bitcoin are accelerating, having reached 14% of the market value of gold. This prediction coincides with Bitcoin's new high of $108,000 on December 17th, with a current market value of $2.13 trillion, exceeding two-thirds of global central bank gold reserves.

In addition, the total assets of Bitcoin ETFs recently surpassed those of Gold ETFs, indicating that investors' recognition for Bitcoin as "digital gold" is rising.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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