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Mike Novogratz Predicts Bitcoin Might Eclipse Gold in Five Years
As reported by U.Today, SkyBridge Capital founder Anthony Scaramucci recently opined that Bitcoin prices were held back by the SEC’s persistent refusal to approve a Bitcoin ETF. However, Mike Novogratz has now weighed in on the matter, predicting that Bitcoin might eclipse gold in five years.
In an astonishing turn of events, last month iShares Bitcoin ETF (IBIT) surpassed iShares Gold ETF (IAU), which was launched in 2005, in terms of assets. This development underscores the growing interest in cryptocurrency and has sparked debate about its potential to surpass traditional asset classes like gold.
According to recent data, Bitcoin’s market capitalization has surpassed $2 trillion, leaving many wondering if it could potentially surpass the value of gold, which currently stands at around $8 trillion.
Source: u.today
