Gold Investor Says that Bitcoin Will Probably Reach $300-500K

Gold Investor Says that Bitcoin Will Probably Reach $300-500K

By Abhimanyu Krishnan | News | 25 Nov 2020


Co-founder of Gold Bullion International, Dan Tapiero, speaking on the Pomp Podcast on Nov. 23, said that he expects Bitcoin to reach six-figure valuations of up to $500,000 within the next 5 years.

  • When asked by Anthony Pompliano about where he saw Bitcoin heading, Tapiero replied “...if gold is at $4,000, Bitcoin is probably somewhere between $300,000 and $500,000, so that’s a 20, 30x”
  • He believes that institutional investors will eventually budget 5 to 15% of their portfolios for Bitcoin, and put the asset at a likely market cap of $100 trillion
  • According to him, Bitcoin’s utility as a store of value, a payment means and “an entire network” is why it will outperform gold in the years to come
  • Tapiero also said that no one in the gold would debate Bitcoin’s potential - though billionaire hedge fund investor Ray Dalio says otherwise, to the point where he asked the public to convince him of Bitcoin’s utility

Abhimanyu Krishnan
Abhimanyu Krishnan

Technophile, cryptocurrency enthusiast and journalist.


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