Anthony Pompliano: Bitcoin will overtake gold in capitalization within 10 years

Anthony Pompliano, a cryptocurrency enthusiast and co-founder of Morgan Creek Digital, said that Bitcoin's capitalization will exceed that of gold by 2030.

This statement Anthony Pompliano made on Twitter. At the same time, Peter Schiff, a fan of investment in gold, known for provocative tweets, did not stand aside.

"By 2029 you'll be lucky if the market cap of #Bitcoin still exceeds the market cap of a baseball cap"

Pompliano posted on Twitter.

However, Pompliano did not enter into wrangling and stressed that his forecast is conservative and takes into account many factors that could slow down the growth of the first cryptocurrency. If we consider that the current capitalization of Bitcoin is $ 227 billion, and the capitalization of gold is $ 9 trillion, then the rate of the first cryptocurrency should grow 40 times over a decade.

"In 2029, the Bitcoin market cap will be bigger than gold when they're compared side by side." - once again stressed the co-founder of Morgan Creek.

Twins Cameron and Tyler Winklevoss recently expressed confidence that Bitcoin is much more reliable than gold. They believe that in the future, with a high probability, precious metals will be mined in space. Given the huge reserves of gold on asteroids, this will lead to a sharp decline in its value.