Summary
- Joo Ki-young, CEO of CryptoQuant, stated that Bitcoin will surpass gold.
- He pointed out that Bitcoin will grow further with the increasing internet penetration rate.
- Bitcoin showed a positive trend, rising 2.95% on the Binance USDT market.
A claim has emerged that gold cannot beat Bitcoin.
On the 21st (local time), Joo Ki-young, CEO of CryptoQuant, stated on X that "gold cannot beat Bitcoin" because "Bitcoin is the perfect internet currency."
He pointed out that in the 1990s, when the internet penetration rate was only around 1%, gold was considered the true currency. However, now 63% of the world's population uses the internet. He explained that the internet penetration rate will continue to increase, and consequently, the growth of Bitcoin, an internet-based currency, will accelerate.
As of 4:47 PM, Bitcoin is trading at $105,195 on the Binance USDT market, up 2.95% from 24 hours ago.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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