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Researcher: Bitcoin Will Easily Surpass Market Cap of Gold at $8 Trillion



Crypto’s most fervent crusaders have sought to keep their heads up in this drastic, bone-crushing bear market. While optimism has often taken the form of the “institutional herd is coming” narrative, a number of Bitcoin (BTC) natives have begun to revisit the asset’s underlying value proposition.

And no, in their eyes, BTC isn’t digital cash. Instead, the flagship cryptocurrency has quickly taken up the mantle of being a digital form of gold, rather than digital cash through and through.

Max Keiser, an anti-establishment figure and popular industry commentator, put it best when he claimed that Bitcoin is a “peer-to-peer electronic gold system.” In a later tweet, he lauded Bitcoin’s nature as “unparalleled digital gold,” calling it simply “world-changing.”

Related Reading: No One Needs A Crypto ETF & Bakkt, BTC Already Is Money: Crypto Investor

There’s Not Enough Bitcoin To Go Around

Scarcity is one of Bitcoin’s mainstays. According to a Twitter thread from Dan Held, a former…





Read Full Story : NewsBTC

2019-02-01 11:58:55

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