Bitcoin Market Cap Will Exceed Gold's in 10 Years, Says Pomp

By Abhimanyu Krishnan | News | 18 Aug 2020


Morgan Creek co-founder and partner Anthony Pompliano has made a bold prediction for Bitcoin (BTC), tweeting on August 16 that it will exceed the market cap of gold by the end of the decade.

  • Pompliano says that Bitcoin will surpass gold’s market cap, whatever it is, by December 31, 2029
  • Pomp, as he is called, doubled down on Bitcoin’s role as digital gold
  • Took a conservative stance, believing that there are many things that could slow growth
  • Bitcoin’s current market cap is roughly $384 billion; gold’s is roughly $9 trillion
  • Bitcoin critic Peter Schiff responded, saying that it would be lucky if the market cap reached that “of a baseball cap”

How do you rate this article?


11

1

Abhimanyu Krishnan
Abhimanyu Krishnan

Technophile, cryptocurrency enthusiast and journalist.


News
News

Official Publish0x Crypto News Channel

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.