In the coming years, Bitcoin will surpass the $ 10 trillion gold capitalization and become the main financial instrument. This was stated by analysts of the investment fund ARK Invest, writes Cointelegraph.
The current capitalization of the first cryptocurrency already exceeds $ 1 trillion and experts have no doubt that its tenfold growth is a matter of time.
“Bitcoin is a hundreds of times better version of the precious metal. And there is a high probability that the first cryptocurrency will soon overshadow gold, ”said ARK Invest cryptanalyst Yasin Elmanjra.
He also pointed out the failure of the criticism of Bitcoin from the US Treasury Secretary Janet Yellen, who called the coin a speculative asset.
“These are outdated arguments that people make due to lack of education and unwillingness to study the issue,” Elmanjra said.
In March, ARK Investment Management head Katie Wood said that in the future, bitcoin will look like low-risk instruments like bonds and will be included in the recommended portfolio of investors.
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