Bitcoin price: Expert says he thinks cryptocurrency 'will disrupt gold' markets

in #bitcoin • 6 years ago

BITCOIN price has plunged in recent weeks but one cryptocurrency expert said BTC could "disrupt" gold because of the two markets' similarities.

bitcoin has been dubbed as “digital gold” with US regulators saying the digital currency should be seen as a commodity instead of being compared to actual money.

Tyler Winklevoss, co-founder of Winklevoss Capital, branded bitcoin as “gold 2.0” as he said the cryptocurrency could reach a capital appreciation of $7 trillion.

Appearing on Bloomberg News, Mr Winklevoss said: “The market capital of gold is 7 trillion. In the market capital of bitcoin, let’s say it’s around 100 to 200 billion.

6 years ago in #bitcoin by
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