Bitcoin will surpass gold’s market cap soon, gold is ‘pretty much dead’ – Scott Melker | Kitco News

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Bitcoin will surpass gold’s market cap soon, gold is ‘pretty much dead’ – Scott Melker

David Lin

David Lin Tuesday August 17, 2021 18:33

Kitco News

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Bitcoin is going to “flip gold” in market capitalization once crypto ETFs make it even easier for institutions and generalist investors to own the asset, said Scott Melker, host of “The Wolf of All Streets” podcast.

“For me, if you’re talking about 10, 20 years down the road, Bitcoin is easily a seven-figure asset,” Melker told David Lin, anchor for Kitco News.

In the intermediate term, it would take only some more retail buying pressure to push the Bitcoin price into six-figure territory by next year, Melker said.

By block head

Block Head is a blockchain journalist.