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Opinion: Within the next 6 years, Bitcoin's market value will rival that of gold, reaching $13 trillion

Opinion: Within the next 6 years, Bitcoin's market value will rival that of gold, reaching $13 trillion

2024/02/18 23:15

David Bailey, CEO of Bitcoin Magazine, posted on X saying: Within the next six years, Bitcoin will reach parity with gold (personally I think it will surpass this number in the next cycle): $130 trillion. This $130 trillion asset appreciation is transferred to the economy and capital markets through large-scale credit expansion and accelerated consumer spending. Once the United States implements a similar Executive Order 6102 for Bitcoin, they would nationalize central custodians like Coinbase and pay users a fixed amount of money per Bitcoin. The Bitcoins at Coinbase would become assets of the Federal Reserve, stored in digital equivalent of Fort Knox.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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