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Galaxy CEO: Bitcoin market value may surpass gold in 5 to 8 years
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2024-12-18 20:03 7,910
Golden Finance reports that Galaxy Digital founder and CEO Mike Novogratz believes that with the cryptocurrency’s record growth momentum, Bitcoin may match and eventually surpass gold’s market capitalization within five to eight years. Novogratz made this prediction in response to an article by Alex Thorn, head of research at Galaxy, which highlighted that Bitcoin’s market capitalization has reached 14% of gold’s $17.8 trillion – a record high. Thorn’s analysis was accompanied by a chart showing Bitcoin’s increasing share of gold market capitalization, underscoring Bitcoin’s accelerating growth. (Cryptoslate)
Keywords: Bitcoin
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