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