Galaxy CEO: Bitcoin market value may surpass gold in 5 to 8 years
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Odaily reports that Galaxy Digital founder and CEO Mike Novogratz believes that with the record-breaking growth momentum of cryptocurrencies, Bitcoin may rival and eventually surpass the market capitalization of gold within five to eight years. Novogratz made this prediction in response to an article by Galaxy's research chief Alex Thorn, which highlighted that Bitcoin's market capitalization has reached 14% of gold's $17.8 trillion - a historic high. Thorn's analysis included a chart showing Bitcoin's increasing share of the gold market capitalization, emphasizing the accelerating growth of Bitcoin. (Cryptoslate)
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