Dan Tapiero, Co-Founder of Gold Bullion International, believes it is Only a matter of time before the price of Bitcoin (BTC) climbs to the six-digit threshold.
Speaking to Anthony Pompliano on the Pomp Podcast, Tapiero stated that Bitcoin is king in terms of price hike believes investors should have as much gold as bitcoin::
“For the next five years, I can see gold at $ 4,000, which is double that. If gold is at $ 4,000, Bitcoin is likely to be between $ 300,000 and $ 500,000, which is 20 or 30 times that.”
He added, “I don’t think anyone in the world of gold […] discuss that. “
Tapiero thinks so Institutional investors and financial whales likely invest between 5% and 15% of their portfolios in Bitcoinand noted that the sector is currently valued at $ 100 trillion:
“That’s a big sum. I mean, 15 percent of $ 100 trillion is $ 15 trillion.”
Bitcoin is a hedge for the fiat system, he explained and Once market capitalization is in the trillions of dollars, it will be easier for large investors to managesimilar to gold.
But gold is a store of value, and that’s just one aspect of Bitcoin. Bitcoin is a whole network, and therefore it is believed that it will be much larger than gold::
“There is no question that Bitcoin will outperform gold.”
Other analysts are just as optimistic about Bitcoin, Brian Estes, Chief Investment Officer of Off the Chain Capital, told Reuters today “It is not an exaggeration” to say that the price of Bitcoin exceeds $ 100,000 a yearand predicted it could be as high as $ 288,000 by the end of 2021.
CNBC host Jim Cramer also believes in the future of Bitcoin, as shown by another podcast with Pompliano. Cramer, who was a bitcoin skeptic during the 2017 bull market, recently stated that he has now realized that bitcoin is a good hedge against inflation and one that his children can understand:
“I think my kids will not be comfortable with gold if they receive my inheritance, but they will with crypto.”
Don’t stop reading: