Why Bitcoin will jump to 100 thousand and will easily overtake gold in terms of capitalization. Expert's answer
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Deficit — one of the main advantages . According to a former Manager Dan herd, Satoshi Nakamoto himself several times emphasized this trait of the cryptocurrency in their letters to the community. And although Satoshi never used the mix «digital gold», that is the title of Bitcoin deserve in the public eye for several years.
theBitcoin is better than gold
Independent cryptanalyst Willie Woo published on the eve of tweeted a list of reasons Bitcoin could soon surpass the most popular precious metal by market capitalization. Cryptocurrency is susceptible to «math deficiency» while the shortage of gold is limited to only the current technical capabilities of humanity.
Wu draws attention to the potential continuation of the «gold rush» in space. In the Solar system are the asteroids with huge reserves of gold. The metal in them so much that it will last for hundreds of gold bars that can be handed out to every man. In other words, while the shortage of gold is limited only by his earthly reserves.
This is the reason why I think Bitcoin will easily exceed golds market cap.
*Mathematical beats scarcity perceived scarcity*
Perceived scarcity comes only from the technological limitations of today.
— Willy Woo (@woonomic)
With Bitcoin, the situation is different. You cannot create more than 21 million BTC under any circumstances. Even if every millionaire in the United States wanted to buy 1 bitcoin, the cryptocurrency would not be enough at all. With almost 4 million coins lost forever.
Note that many rich people already stocked with a huge number of bitcoins. For example, Tim Draper 656 29 BTC. He has acquired over $ 18 million a few years ago. According to the millionaire, investment in Bitcoin became the most successful decision of his life.
If every millionaire in the US wanted to have just 1 bitcoin they wouldn't be able to.
There will always be fewer bitcoins than there are millionaires in the US (let alone the whole world).
Ignore this at your own risk.
— Misir Mahmudov (@misir_mahmudov)
Co-Founder CryptoOracle Lou Kerner noted that «victory over gold» will be a good springboard for Bitcoin prices. The enormous capitalization of one bitcoin will be worth more than $ 100,000.
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