By Gold Bullion International cofounder Dan Tapiero believes that its only a matter of time before Bitcoins price surges into the sixfigure threshold. Speaking to Anthony Pompliano on the Pomp Podcast, Tapiero asserted that in terms of price appreciation Bitcoin is the king, even though he believes investors should own both gold and Bitcoin
In the next five years, I can see gold at 4,000, so thats double. But if gold is at 4,000, Bitcoin is probably somewhere between 300,000 and 500,000, so thats a 20, 30x. He went on to add, I dont really think that anyone in the gold world they are not going to debate that.
Tapiero believes that institutional investors and finance whales are likely to invest between five to 15 percent of their portfolios in Bitcoin and noted that sector was currently worth 100 trillion Thats a huge chunk. I mean, 15 of 100 trillion is 15 trillion.
Bitcoin is a hedge for the fiat system, he explained, and once its market cap is in the trillions of dollars, it will become easier to handle for larger investors, similar to gold.
But gold is a store of value, and that is only one aspect of what Bitcoin is. Bitcoin is an entire network, and thats why he believes it will be much bigger than gold.
Source FXPro
