Cryptocurrency analyst Fred Krueger just lately predicted that Bitcoin will obtain a novel place within the international financial system throughout the subsequent 20 years. In line with Krueger, Bitcoin will transcend being a mere digital asset and turn out to be the biggest “retailer of worth” on the planet.
“It is laborious for most individuals to imagine, however Bitcoin will doubtless turn out to be the first retailer of worth on planet Earth inside 20 years,” Krueger stated. In line with the analyst, on this state of affairs, Bitcoin’s market capitalization would attain $10 billion, with its complete worth reaching $200 trillion. This is able to make Bitcoin 5 instances the present market capitalization of gold.
Krueger additionally notes that this measurement equates to roughly 50% of the worldwide M2 cash provide. This implies Bitcoin will turn out to be an asset extra priceless than another particular person foreign money, Krueger believes. In truth, its worth will surpass the mixed worth of complete nations’ inventory and bond markets.
Krueger additionally highlighted the generational wealth inequality. “Boomers are hated by millennials for ‘shopping for low cost homes.’ However that pales compared to the hatred Gen Z will really feel for millennials who purchased ‘low cost Bitcoin,’” he stated.
*This isn’t funding recommendation.
