Bitcoin could reach gold market capitalization, says expert Mark Yusko

Bitcoin could reach gold market capitalization, says expert Mark Yusko

Comparison of the market capitalization of gold

The market capitalization of gold has long been a topic of discussion in the financial world. Mark Yusko, CEO of Morgan Creek Capital Management, now brings Bitcoin into play and compares its market capitalization with that of gold.

the entire market capitalization of gold is currently around $ 12 trillion. However, only half of this sum is used as a fine, while the other half is in the form of jewelry and other non-monetary objects. This means that the monetary half of the gold market capitalization is about $ 6 trillion.

yusko assumes that Bitcoin's price may be tenfold, from its current price from $ 30,000 to $ 300,000. This would exceed Bitcoin's market capitalization of the monetary half of the gold market capitalization.

Bitcoin as a superior value -added preservation means

Another argument from Yusko for Bitcoin is his superiority as a value preservation means compared to gold. He emphasizes the simple transmission and breakdown of Bitcoin compared to gold.

While it is difficult to break and send a gold bar, only a few clicks are required to send Bitcoin. According to Yusko

Important note for investors

yusko points out that investors should carry out thorough research and DUE diligence tests before making decisions regarding Bitcoin, cryptocurrencies or digital assets. As with any risky system, it is important to understand the associated risks, since any losses are the responsibility of the investor.

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The comparison of the market capitalization of gold with the possible market capitalization of Bitcoin shows the potential that is in cryptocurrency. Although gold is still a popular form of value storage and investment, Yusko argues that Bitcoin can be a superior alternative. Nevertheless, every potential investor should carefully weigh up the associated risks before buying Bitcoin.