Bitcoin flips gold: What is the ultimate valuation geometry of digital gold?
Well-known cryptocurrency trader Jordan Fish (alias Cobie) recently spoke on the X platform, discussing the competition between Bitcoin and gold. He stated: "Bitcoin surpassing gold is not only a rational choice, but more importantly, it is a multiple flip. Perhaps a valuation of 5 to 10 times is close to its fair value."
This viewpoint has sparked heated discussions. When TheBlock researcher Steven asked, "Does this mean the price of a single BTC could reach 4 million to 9 million dollars?" Cobie responded directly, "That sounds like a nice price."
Cobie further analyzed: "While gold may face fierce competition from competing assets like Bitcoin in the future, Bitcoin, as 'interstellar digital gold,' will have irreplaceable advantages in scarcity and portability in a multi-planet civilization. In contrast, gold may face value dilution in the future due to the development of space mining." Matt Huang, co-founder of Paradigm, added to this viewpoint, stating that there are $70 trillion worth of gold resources in space, and this potential supply could fundamentally change the scarcity basis of traditional precious metals.
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