An anonymous cryptocurrency analyst from the YouTube channel InvestAnswer has highlighted the potential of Bitcoin to surpass gold and silver in market capitalization within the next decade. The analyst emphasized the underlying differences between Bitcoin and these traditional safe havens, particularly the ability to verify Bitcoin holdings as opposed to the risks associated with paper versions of gold.
The analyst further highlighted the potential for price manipulation by financial giants such as JPMorgan and Blackrock, but underscored the increased trustworthiness of Bitcoin due to its verifiability. The analyst confidently predicts that Bitcoin to surpass gold in the next 8 to 10 years, not just due to its verifiability, but also due to numerous other advantages it has over gold.
Another analyst, David Waugh of Coinbits, also backed Bitcoin’s potential to surpass, citing its technological advancements making it a superior asset over gold. Recent developments, such as the potential approval of Grayscale’s plan to convert GBTC into a Bitcoin ETF by the SEC, could further boost Bitcoin’s position in the market.