Bitcoin currently has a market capitalization of roughly $1.3 trillion, while the entire crypto market cap is roughly $2.4 trillion.
On day 2 of the Bitcoin 2024 conference in Nashville Tenessee, Anthony Scaramucci shared his belief that Bitcoin will overtake the total market capitalization of gold.
The SkyBridge Capital founder explained that Bitcoin (BTC) should not trade to a market cap similar to chipmaking giant Nvidia or Apple because Bitcoin is “an asset class” and not a company.
According to Scaramucci, the current market capitalization of gold rests between $15 trillion-$16 trillion, a number that Bitcoin should be able to overtake in roughly a decade. A similar prediction was forecasted by Anthony Pompliano in 2020, who likewise claimed Bitcoin would flip gold in less than a decade.