The market cap of BTC is well poised to grow bigger. As usual, and as always, keep accumulating BTC and other good crypto.

In an interview with Bloomberg last week, macro guru Hugh Hendry said that Bitcoin’s (CRYPTO: BTC) total market cap is likely to almost triple in size. 

Hendry said that Bitcoin will be one of the top-performing assets when macroeconomic conditions worsen and that its market cap is likely to reach to $1.5 trillion.

“Bitcoin’s market cap is half a trillion dollars. And Bitcoin finds itself in the world of asset allocation within a bucket that we call alternatives, you know, private equity, commercial property, gold et. al. It is a $100 trillion bucket and Bitcoin is half a trillion dollars. So it could triple and be one and a half trillion dollars. It would be half the size of Apple,” Hendry said. 

According to Hendty, Bitcoin’s market cap will likely get a boost from regulators targeting other digital assets they don’t consider a commodity and from increased institutional involvement, such as BlackRock’s Bitcoin spot ETF push.

Also Read: Here's Why This Analyst Says A $10T Market Cap For Bitcoin Can Happen

He also indicated that high-interest rates are likely to cause an economic downturn.

“When you raise rates to 5% in the UK, we’re at 20%. And we’re going to break things. That’s what the markets are telling you,” he added. 

Speaking about investing in gold, Hendry said that gold is a sound investment during a downturn but that the drawback is that there is limited potential to the upside for the precious metal.

“Gold is a defense. The upside is modest. Gold is capitalized at $13 trillion. Gold would be the equivalent size of all U.S. stocks,” Hendry said. 

At the time of writing, Bitcoin was trading at $30,442, up by 14 percent in the last seven days. 

Now Read: Analyst Says Bitcoin Is More Likely To Surge Than Plummet

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