Michael Saylor, the chairman and cofounder of software company turned Bitcoin acquisition vehicle MicroStrategy, has predicted the value of the king crypto (BTC) will overtake gold within ten years – potentially giving Bitcoin a $500,000 price and a market capitalization of $10 trillion.
“The next logical stop for bitcoin is to replace gold as a non-sovereign store of value asset,” Saylor told MarketWatch this week, adding gold is a $10 trillion asset. “Bitcoin is digital gold, it’s 100-times better than gold and if bitcoin goes to the value of gold it goes to $500,000 per bitcoin.”
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