Bitcoin Will Surpass Gold Market Cap, Doubling It 🚀💰

Bitcoin’s Rally is Far from Over, Says Anthony Pompliano

Pomp Investments founder and Bitcoin bull Anthony Pompliano believes that Bitcoin’s rally is far from over. In a recent interview with CNBC, Pompliano stated that Bitcoin has the potential to surpass and even double the market cap of gold. He also expects the cryptocurrency to break its all-time highs soon.

Pompliano pointed out that historically, when Bitcoin breaks its previous all-time high, it tends to double in value within 18 days or less. This indicates that once Bitcoin enters price discovery mode, the world will try to determine its true worth.

Bitcoin recently surpassed its previous all-time high of nearly $69,000 but has since dipped back down to around $65,321. Despite this temporary setback, Pompliano remains optimistic about Bitcoin’s future.

Bitcoin’s Potential to Surpass Gold

Pompliano believes that Bitcoin has the potential to surpass gold in terms of market cap. Currently, gold commands a market cap of approximately $14 trillion. According to Pompliano, Bitcoin’s superior qualities make it a 10x improvement over gold, and it is only logical for its market cap to be more than double that of gold in the long run.

While some people predict Bitcoin’s market cap to be 10% or 50% of gold’s market cap, Pompliano sees it going much higher. He emphasizes that Bitcoin’s technological superiority and its role as a store of value make it a highly attractive investment compared to traditional assets like gold.

Hot Take: Bitcoin’s Promising Future

Anthony Pompliano’s bullish stance on Bitcoin reflects his belief in its long-term potential. Here are some key takeaways from his interview:

Bitcoin’s rally is likely far from over.
Bitcoin has the potential to surpass and double the market cap of gold.
When Bitcoin breaks its all-time high, it tends to double in value within 18 days or less.
Bitcoin’s current dip from its all-time high is temporary, and it is expected to reach new highs soon.
Bitcoin’s superior qualities make it a 10x improvement over gold.
Bitcoin’s market cap should eventually be more than double that of gold.

Pompliano’s positive outlook on Bitcoin aligns with the growing acceptance and adoption of cryptocurrencies worldwide. As more institutional investors and individuals recognize the value and potential of Bitcoin, its market cap is likely to continue growing.

Disclaimer: The above references an opinion and is for informational purposes only. It is not intended as investment advice. Do your own research before making any investment decisions.

Featured Image: Shutterstock/Dotted Yeti

Hot Take: Bitcoin’s Promising Future

Anthony Pompliano believes that Bitcoin’s rally is far from over and expects it to surpass and potentially double the market cap of gold. He points out that historically, when Bitcoin breaks its all-time high, it tends to double in value within a short period. Pompliano also predicts that Bitcoin will ultimately surpass gold in terms of market cap, as it offers significant technological advantages over the traditional asset. His bullish stance reflects his confidence in Bitcoin’s long-term potential and its role as a store of value in an increasingly digital world.