Tuesday, March 9, 2021
Home Latest News Bitcoin ‘No debate’ that Bitcoin will increase 20X claims insider in the gold...

‘No debate’ that Bitcoin will increase 20X claims insider in the gold industry

Dan Tapiero told Anthony Pompliano that $15 trillion in institutional capital could flow into Bitcoin, pushing prices as high as $500,000

Dan Tapiero, co-founder of Gold Bullion International, claims that it is only a matter of time before Bitcoin’s price rises beyond the six-figure threshold. Speaking to Anthony Pompliano on the Pomp Podcast, Tapiero asserted that in terms of price appreciation Bitcoin is the king, even though he believes investors should own both gold and Bitcoin:

“In the next five years, I can see gold at $4,000, so that’s double. But if gold is at $4,000, Bitcoin is probably somewhere between $300,000 and $500,000, so that’s a 20, 30x.”

Tapiero believes that 5 to 15 percent of their portfolios are expected to be invested in Bitcoin by institutional investors and finance whales, adding that the market is actually worth $100 trillion: “That’s a huge chunk. I mean, 15% of $100 trillion is $15 trillion.”

Bitcoin is an alternative for the Fiat system, he clarified, and until the market cap is in the trillions of dollars, it would be simpler for greater investors, like gold. However, gold is a value store and is just one aspect of Bitcoin. Bitcoin is a whole network and so it’s much broader than gold, he believes.CNBC host Jim Cramer trusts in Bitcoin’s potential as revealed on another podcast.  Cramer, who during the bull market in 2017 was a skeptic about Bitcoin, said recently that he understood that Bitcoin is a strong hedge for inflation and even one for his children: “I think that my kids, when they get my inheritance, won’t feel comfortable with gold, and will feel comfortable with crypto.”

Subscribe to our newsletter

To be updated with all the latest news, offers and special announcements.


Please enter your comment!
Please enter your name here

- Advertisment -

Must Read

Former Bitcoin Opponent Claims that Crypto is an Efficient Hedge Against...

George Ball, a financial market veteran, argues that investors can devote a "small part" of their portfolio to cryptocurrency, changing his previous stance on...