Summary
- Brian Armstrong, CEO of Coinbase, stated that there is a high possibility that Bitcoin's market cap will surpass gold in the next 5 to 10 years.
- Bitcoin's current market cap is $2 trillion, which is 11% of gold's market cap of about $18 trillion.
- Armstrong predicted that if the United States stockpiles Bitcoin as a strategic asset, G20 countries will follow.
An analysis suggests that Bitcoin (BTC)'s market capitalization could surpass that of gold within as little as five years.
Brian Armstrong, CEO of Coinbase, stated on X on the 24th, "There is a high possibility that Bitcoin's market cap will exceed gold's in the next 5 to 10 years." This implies that Bitcoin's value could surpass gold's within five years.
Armstrong emphasized the advantages of Bitcoin. He stated, "Bitcoin is a better currency than gold," noting that it possesses not only decentralization and scarcity like gold but also divisibility, mobility, and fungibility. He added, "Bitcoin's current market cap of about $2 trillion is 11% of gold's market cap of about $18 trillion," suggesting that "considering this, every country holding gold should hold at least 11% of that in Bitcoin."
He also expressed expectations for a second Trump administration. Armstrong stated, "If the United States leads by stockpiling Bitcoin as a strategic asset, most of the G20 countries will follow."
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
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