While gold hits a record price at $ 2,848 an ounce, more and more financial experts and professionals give their priority for bitcoin on gold. In a comment by Livewire Markets, the CEO and founder of Nasdaq-list company Ireen Daniel Roberts said that Bitcoin needs to reach at least $ 900,000 price to reach gold in terms of market cap, and it is by 2030 will be.
Roberts predicts
Daniel Roberts is not a stranger for Cryptocurrency. His company, Ereon, is an Australian enterprise that provides data center using renewable energy for bitcoin mining, powering AI and other undertakings. In November 2024, amidst a powerful crypto rally, Roberts famous Said That bitcoin “dirt is inexpensive.”
Bitcoin is often dubbed a digital gold. Like a famous precious metal, it is rare and is seen as a safe shelter in turbulent economic conditions (the rise of Crypto’s epidemic-era showed it well).
Roberts uses Gold Matrix to express his views on the future of BTC value. He believes that bitcoin, which is being seen as a safe shelter property similar to gold or is better than sleeping, its market cap should quickly get the gold market cap. Roberts is sure it will be by 2030.
Given that the gold market cap is $ 19.3 trillion while bitcoin market cap is $ 1.95 trillion, bitcoin requires an increase in price to reach equity. If the BTC value crosses a mark of $ 1,000,000, bitcoin becomes larger than gold in terms of market capitalization. Roberts concluded that by 2030 one million per unit would not be surprising for him. It cites ETF traction and high-profile purchases of Bitcoin by institutional investors as contribution of factors for early increase of BTC value.
It is worth noting that by 2030, the gold market cap can get enough additional additional. In the last five years, the price of gold has exceeded 80%. Following Roberts’ argument, this may mean that by 2030, bitcoin should get more than one million to reach gold equality or perhaps, the bitcoin market cap should receive a more time to receive one of the gold. May need it.
Roberts of income describe:
“The easiest way to concept the value of bitcoin is to think about it as gold 2.0. We live in a world where digital and social networks have disrupted their physical counterparts. If you compare bitcoin and gold, it is like digital vs. analog, blockbuster vs. Netflix. Gold bitcoins are better than gold. It is scarser, it is easy to move, and is easy to divide. So, all the features that give the value of gold, bitcoin is impartially better. ,
Bitcoin vs gold
Roberts are far from being first to portray bitcoins as “better gold”. The Crypto community and many other professionals and experts in the comprehensive financial sector claim that they prefer bitcoins from sleeping, and temporary deviations between rising gold and decreasing bitcoins do not change it.
After the beginning of the new phase of the US trade war against China, investors fought for assets that they had seen as a shelter, and gold became one of the favorite assets. On 5 February, its price reached a new historic maximum of more than $ 2.8 thousand per ounce, while Bitcoin was two days deep in the improvement triggered by the same tariff.
On February 2, 2025, in an interview with Bloomberg, CEO of Arc Invest, Cathy Wood admitted that bitcoin is a new asset class, a market leader and a new global monetary system.
🚨 BLOOMBERG: ARK Invest CEO Cathie Wood claims Bitcoin is leading a new asset class and driving a movement toward a rules-based global monetary system. pic.twitter.com/0pmomcimMI
— Cointelegraph (@Cointelegraph) February 2, 2025
Wood said that his mentor economist Kala Liephor said back in 2015 that Bitcoin is what he has been waiting for since 1971 when the US government shut down the gold window.
In 2023, Wood claimed that bitcoin is “better than sleeping down” and is called a defense against inflation and deflation. He said that the younger generation would prefer to catch bitcoin instead of gold, as bitcoin is a new property that is not gold with institutions.
A television personality and a billionaire businessman Mark Cuban told Wired that bitcoin is similar to gold because both are seen as a defense against economic crises. He said that bitcoin is a great store of value. “People see bitcoins as a better version of gold, and I agree,” Cuba said.
Last year, Jerome Powell, which is a fed chair from 2018, Said That bitcoin is a virtual gold, and it is not a US dollar contestant, but a competitor of gold.
Other high-profile supporters of this idea include that bitcoin is better than sleeping (mostly for all the same reasons described above) Brian ArmstrongFounder of Pantera Capital Dan Morhead, Bitwaiz CIO Matthew HoganAnd another.
Disclosure: This article does not represent investment advice. The materials and materials painted on this page are only for educational purposes.
