• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Bitcoin and Gold: Potential Market Value Parity

user avatar

by Giorgi Kostiuk

a year ago

Experts predict that Bitcoin may effectively compete with gold as a store of value, potentially leading to a significant increase in market value.

Gold Parity and Bitcoin’s Target

Bitcoin expert Tuur Demeester suggested that the cryptocurrency may surpass gold as a store of value. He believes that Bitcoin's price could reach $300,000, with a target range for investors between $800,000 and $1 million.

Gold parity will act like a magnet. In 2021, $100,000 acted as a magnet. Reach for the stars, land on the moon; maybe $300,000 – $400,000.Tuur Demeester

Additional Perspectives from Peter Brandt

Renowned trader Peter Brandt shared that the BTC/XAU pair will soon surpass the 35:1 resistance. He forecasts a long-term target of $6,500 for XAU and $850,000 for BTC.

Bitcoin or gold? The ultimate competition for being the store of value. The BTC/XAU graph indicates a target of 130:1.Peter Brandt

Current Market Status and Expectations

Currently, Bitcoin trades at around $79,000, with a market capitalization of $1.531 trillion. Analysts believe the competition with gold will continue to attract investor interest, strengthening Bitcoin's financial market position.

Bitcoin's competition with gold could lead to its wider acceptance as a store of value and increased market valuations, attracting more investor interest.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

SEC's Lawsuit Against VBit Raises Questions About Control in Hosted Mining

chest

The SEC's lawsuit against VBit raises concerns about control and profit expectations in hosted mining agreements.

user avatarKaterina Papadopoulou

SEC Takes Legal Action Against VBit for Alleged Misuse of Investor Funds

chest

The SEC has filed a lawsuit against VBit and its founder, accusing them of fraud and misusing investor funds.

user avatarMaya Lundqvist

The Crucial 3200 Resistance Level for Ethereum's Price Rally

chest

The 3200 level is crucial for Ethereum's price rally, as it has not been broken since early November, and a breakout could reverse the current market trend.

user avatarLeo van der Veen

Ethereum Approaches Critical 3000 Level Amid Market Volatility

chest

Ethereum is nearing the critical 3000 level as market volatility increases, with traders closely monitoring its ability to sustain this price.

user avatarLi Weicheng

XRP Approaches Pivotal Technical Crossroads

chest

XRP has spent nearly 70 days trading below its 50-week simple moving average (SMA), raising speculation about a potential breakout.

user avatarAisha Farooq

USDM Emerges as Trusted USDC Alternative on Cardano

chest

USDM has emerged as the most trusted USDC alternative on the Cardano network, being regulatory compliant in the US and not algorithmic.

user avatarZainab Kamara

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.