According to Odaily, Mike Novogratz, the founder and CEO of Galaxy Digital, has expressed his belief that Bitcoin could match and eventually surpass the market value of gold within the next five to eight years. This prediction was made in response to an article by Alex Thorn, the Head of Research at Galaxy, which highlighted that Bitcoin's market capitalization has reached 14% of gold's $17.8 trillion market value, marking a historic high.
Thorn's analysis underscores the rapid growth of Bitcoin, as evidenced by its increasing share of gold's market value. The data presented in the article suggests a significant acceleration in Bitcoin's market presence, indicating a potential shift in the financial landscape. Novogratz's comments reflect a growing sentiment among some financial experts who see Bitcoin as a formidable competitor to traditional assets like gold. As Bitcoin continues to gain traction, its potential to challenge gold's longstanding dominance in the market becomes more plausible.
