There are all kinds of optimistic crypto predictions these days, despite the massive volatility that we can see in the markets.
Lots of them are addressing the king coin, and the latest one regarding Bitcoin comes from Kraken’s Dan Held.
He just said that BTC is close to surpassing gold’s market cap.
Bitcoin will overtake the market cap of gold.
When this happens, 1 Bitcoin will be worth $475K.
— Dan Held (@danheld) September 2, 2021
This means, as you can see above that BTC will reach a price of $475k.
At the moment of writing this article, BTC is trading in the red, and the kind coin is priced at $49,334.20.
Held also pointed out a post of his in which he is addressing the Bitcoin vs. gold issue.
When someone posted this mesage: “Simple principle. Diversion. The power grid fails, all crypto money is shut off. Diversification first rule in investments,” Held responded with: “Nope.
And if that happens, we skip the gold standard and move to the lead standard (bullets).”
He also agreed with another commenter who said: “Don’t you think the total mcap of gold will drop if there is this rollover to Btc as a primary global store of value? If so, then the “flippening” will likely be lower, perhaps $375k Btc. #Crypto #BTC.”
We suggest that you check out the complete thread that Held posted because it’s filled with valuable info and predictions.
Bitcoin is the best hedge against world chaos
Held made headlines not too long ago when he said something important about the king coin.
Bitcoin has been growing in popularity, and the mass adoption of the king coin is also going great. This has been one of the most important goals of the crypto space, and more moves are currently being made in this direction.
Kraken’s dan Held said that Bitcoin is the best hedge against the world’s chaos.
Bitcoin is the best hedge against all of the chaos happening in the world today
— Dan Held (@danheld) August 21, 2021
Stay tuned for more news.