Bitcoin to Eclipse Gold’s Market Cap? Trump’s Bold Prediction Eyes $1M Per BTC Target
Main Idea
U.S. President Donald Trump predicts Bitcoin (BTC) will surpass gold's market cap in the coming years, potentially reaching a price of approximately $115,000 per BTC based on current supply and market dynamics.
Key Points
1. Trump highlighted Bitcoin's increasing adoption by companies like MicroStrategy, Tesla, and Galaxy Digital, as well as institutional inflows into Bitcoin products.
2. Gold's market cap exceeds $22.813 trillion, but Bitcoin's fixed supply of 21 million coins makes it a more predictable store of value compared to gold, which is subject to inflationary pressures.
3. For Bitcoin to match gold's current market cap, its price would need to rise to approximately $1 million per BTC.
4. Bitcoin's liquidity and stability are expected to improve, enhancing its utility and demand, which could drive its price higher.
5. Despite volatility, Trump's prediction that Bitcoin could surpass gold's market cap may become reality as adoption grows.
Description
This forecast has sparked renewed discussions around the digital asset’s future and its growing acceptance as a legitimate store of value.
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