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Bitcoin is “gold 2.0” with possible $20 trillion market cap, Immutable Holding CEO says

Bitcoin is “gold 2.0” with possible $20 trillion market cap, Immutable Holding CEO says



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11 Comments

  1. Reading all the comments and thoughts, perspective of everyone, I feel a similar thing would have happened on the original Bitcoin post that was posted in 2009 which was shred to pieces at the time. More than a decade later a bitcoin is $ 50+k and we keep talking about the most expensive pizza bought with 10k Bitcoins etc. In just a decade bitcoin’s market cap is approx a trillion dollars. So I would end like a retard that anything is possible as it is still the wild Wild West of the gold rush when it comes to Bitcoin. May not be 20 trillion but even if it is 1/4th of 20T.. it is going to be huge.

  2. tldr; Immutable Holdings CEO Jordan Fried has projected that Bitcoin will hit the $1 million price target, especially when all the coins are mined. Bitcoin is now the second version of gold, and its rise will see the asset surpass the precious metal cap to more than double. Fried also said that the Bitcoin market cap would surpass the entire US economic output at some point.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

  3. This assumes that bitcoin’s usefulness equals gold’s. Bitcoin’s value doesn’t just come from the monetary premium. Bitcoin is the fundamental layer on which web3.0 will be built. The monetary value of bitcoin in fiat terms is irrelevant – any attempt to accurately estimate it will sound crazy and impossible. It is like trying to estimate the value of the PC in terms of a typewriter.

What do you think?

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