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COINQUANT
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Bullish
💰 By the time Bitcoin reaches the mark of $1 million, its market capitalization will surpass gold.
In 2004, before the advent of gold ETFs, the market cap of gold was $1 trillion. Today it has grown to $17.8 trillion, of which about $16.8 trillion is driven by demand as a safe-haven asset and protection against inflation.
The current market capitalization of Bitcoin is $2 trillion, and it could increase by 750% if demand for gold starts to transition to BTC.
Considering inflation, the question is not whether Bitcoin will reach $1 million, but when it will happen.
$ETH
$BTC
#Bitcoin #Ethereum #long+100% #BinanceBlockchainWeek #USA2024
In 2004, before the advent of gold ETFs, the market cap of gold was $1 trillion. Today it has grown to $17.8 trillion, of which about $16.8 trillion is driven by demand as a safe-haven asset and protection against inflation.
The current market capitalization of Bitcoin is $2 trillion, and it could increase by 750% if demand for gold starts to transition to BTC.
Considering inflation, the question is not whether Bitcoin will reach $1 million, but when it will happen.
$ETH
$BTC
#Bitcoin #Ethereum #long+100% #BinanceBlockchainWeek #USA2024
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