Mike Novogratz, founder and CEO of Galaxy Digital, believes that Bitcoin could catch up to and eventually surpass gold’s market capitalization within five to eight years.
Novogratz made the prediction in response to an article by Galaxy head of research Alex Thorn, which highlighted that Bitcoin’s market capitalization has reached 14% of gold’s $17.8 trillion, a record high. Thorn’s analysis, along with a chart showing Bitcoin’s increasing share of gold’s market capitalization, highlights Bitcoin’s accelerating growth. (CryptoSlate)