Last updated on December 8th, 2022 at 03:14 pm
Gold capitalization is $ 10 trillion
On Monday, the value of the global cryptocurrency market hit a record $ 2 trillion. Among them, the market value of Bitcoin was $ 1.1 trillion.
Bitcoin will grow 10 times more and overtake gold in capitalization
According to Ark Invest, Bitcoin’s rapid growth will continue as user interest in this cryptocurrency increases. Bitcoin price has risen more than 500% over the course of the year in 2020. In addition, it has doubled again this year, reaching a record high of $ 61,606 last month.
Coinbase, the largest cryptocurrency exchange in the United States, recently announced that it will go public on April 14. This marked another milestone in the cryptocurrency industry. In this regard, Yassine Elmandjra, a crypto asset analyst at Ark Investment, said that Bitcoin could exceed the total gold capitalization of $ 10 trillion.
Elmanjra also criticized politicians, including US Treasury Secretary Janet Yellen. Yellen has previously warned that Bitcoin is highly inefficient, unstable, and often used for illegal funding.
I really think that these are just outdated arguments, caused by a complete lack of education and lack of interest in studying this issue.