Anthony Pompliano Sees Bitcoin Beating Gold’s Market Cap By 2029

Anthony Pompliano Sees Bitcoin Beating Gold’s Market Cap By 2029
фото показано с : zycrypto.com

2020-8-17 16:35

The Bitcoin market continues to generate quite a vibe within the crypto industry. Some people have even gone out of their way to make some pretty serious predictions for the Bitcoin market going deep into the future. One of the recent people to make such a prediction is Anthony Pompliano.

Pompliano is one of the most active members of the dynamic crypto space. He’s the co-founder of Morgan Creek Digital. He also writes lots of newsletters focusing on the economy, financial analysis, and cryptocurrencies. In a recent post on twitter, Pompliano predicted that Bitcoin’s market cap will exceed that of Gold by 31st December 2029.

What Gold Bugs Say

Truth be told, Pompliano’s prediction is a pretty audacious one and indicates the totality by which some of the top Bitcoin maximalists have thrown their weight behind the coin. On the other hand, there are Gold bugs who don’t seem to buy into such claims. People like Peter Schiff are totally opposed to Pomp’s prediction. Responding to the tweet, Peter Schiff seemed to claim that the BTC market cap would have seriously shrunk by 2029.

By 2029 you'll be lucky if the market cap of #Bitcoin still exceeds the market cap of a baseball cap.

— Peter Schiff (@PeterSchiff) August 15, 2020

However, Peter’s sentiments may be overshadowed by the fact that a lot of the previously stubborn gold bugs have been jumping ship of late. Some have even gone all in to commit sizeable fractions of their investment portfolios in the crypto space.

The Bullish Case For Gold, Silver, And Bitcoin

While Gold and Bitcoin may be in the opening stages of a battle for future supremacy, it’s not lost on anyone that the two assets (along with Silver as the third) have pretty much been attractive to many people as safe havens at a time when the world economy is going through a crisis and a lot of fiat currency is getting hit by inflation.

Both Gold and Bitcoin have scored some gains in the recent past, and that’s a good indication.

Market Sentiments

There have been many posts and arguments fronted by various BTC fans and serious investors like Tim Draper and Tom Lee that Bitcoin is headed for astronomical heights.

Some have claimed that BTC could hit upwards of $250k within the next 5 years. At such a price, Bitcoin would be putting up a serious fight for supremacy against Gold. And who knows how high the crypto’s price could be by December 2029? Still, as it has always been with the crypto industry, the prediction will have to wait for 2029 for the results to be discerned.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 67826.84 (+0.19%)
Объем 24H $29.347b
Изменеия 24h: -0.85 %, 7d: -3.05 %
Cегодня L: $67649.64 - H: $68812.85
Капитализация $1336.887b Rank 1
Цена в час новости $ 12269.97 (452.79%)

bitcoin market way make out gone even

bitcoin market → Результатов: 126


Фото:

Bitcoin’s tight correlation with US equities highlights market anticipation of CPI data release

Quick Take Bitcoin remains the primary indicator of global liquidity, with its price movements often preceding those of other risk-on assets. This dynamic was evident in the recent market cycle, as Bitcoin hit an all-time high on March 13, coinciding with the biggest ETF inflow since launch on March 12, over $1 billion, and the […] The post Bitcoin’s tight correlation with US equities highlights market anticipation of CPI data release appeared first on CryptoSlate.

2024-5-15 17:25


Bitcoin’s 2024 cohort sees over 10% profit, indicating a strong market support level

Quick Take Analyzing average prices at which Bitcoin was withdrawn from major digital asset exchanges using Glassnode data offers valuable insights into the market’s cost basis. According to Glassnode data, the analysis indicates that Coinbase and Binance exhibited parallel movement from the start of 2021 to the conclusion of 2023, maintaining average withdrawal prices around […] The post Bitcoin’s 2024 cohort sees over 10% profit, indicating a strong market support level appeared first on CryptoSlate.

2024-4-30 11:32


Upward trends predicted for Polkadot & this Shiba Inu killer as $2T market cap boosts Bitcoin toward $69K target

Bitcoin, the pioneer of cryptocurrencies, continues its impressive rally as it edges closer to the $69,000 mark, driven by a surge in market capitalization that surpasses $2 trillion. This monumental achievement reflects the growing confidence and adoption of digital assets, propelling Bitcoin to new all-time highs.

2024-2-21 23:01


Crypto Carnage Continues as Bitcoin Plunges Under $40,000, But These Indicators Look Promising

Bitcoin briefly traded below $40,000 on Monday for the first time since early December, extending a selloff that has shaved 35% off the cryptocurrency’s value so far this year. According to market intelligence firm Santiment, discussion around Bitcoin and Ethereum has dropped 35% and 21% respectively compared to last week’s ETF approval frenzy.

2024-1-23 01:15