• 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

Web3 Industry's Gatekeeping Culture Stifles Adoption

chest

The web3 industry is criticized for its gatekeeping culture, which creates barriers to mainstream adoption through complex jargon and insider culture.

user avatarZainab Kamara

Palma Wallet to Partner with Qubit and Coinplus for Enhanced FIO Usability

chest

Palma Wallet is set to partner with Qubit and Coinplus to enhance the usability of FIO Handles.

user avatarSon Min-ho

Palma Wallet Launches FIO Protocol Integration for Simplified Crypto Transactions

chest

Palma Wallet has launched full integration of the FIO Protocol, allowing users to utilize human-readable crypto addresses across Africa.

user avatarTando Nkube

FIO Protocol Promotes User-Friendly Crypto Solutions at Global Conferences

chest

FIO Protocol representatives participated in several blockchain conferences to promote user-friendly crypto experiences.

user avatarAyman Ben Youssef

MEXC Launches ETHFI Euphoria Campaign with $1 Million Prize Pool

chest

MEXC has launched the ETHFI Euphoria campaign with a $1 million prize pool, offering zero-fee trading and staking opportunities.

user avatarKofi Adjeman

Humphries Highlights Market Capitalization Constraints

chest

Zach Humphries discusses the implications of a $100 XRP price on market capitalization, highlighting the unrealistic nature of extreme price predictions.

user avatarNguyen Van Long

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.