Financial experts and professionals are increasingly voicing their preference for Bitcoin over gold as a safe-haven asset. Daniel Roberts, CEO and founder of the Nasdaq-listed tech company IREN, believes that Bitcoin needs to reach a price of at least $900,000 to match gold in terms of market capitalization, and he predicts this will happen by 2030.

Roberts’ Prediction

Daniel Roberts is no stranger to cryptocurrency. His company, IREN, provides data centers using renewable energy for Bitcoin mining and other ventures. Roberts has previously stated that Bitcoin is “dirt cheap” and believes that its market capitalization should quickly surpass that of gold.

Roberts uses gold metrics to express his views on the future of Bitcoin value. He believes that Bitcoin, which is increasingly viewed as a safe-haven asset similar to gold, needs a 10x price increase to reach parity. If the BTC price crosses the $1,000,000 mark, Bitcoin will be bigger than gold in terms of market capitalization.

Why Bitcoin is Preferred Over Gold

Roberts cites ETF traction and high-profile purchases of Bitcoin by institutional investors as contributing factors to the speedy growth of the BTC price. He also believes that Bitcoin is a better version of gold due to its scarcity, ease of transfer, and divisibility.

“The easiest way to conceptualize the value of bitcoin is to think about it as gold 2.0. We live in a world where digital and social networks have disrupted their physical equivalents. If you compare bitcoin and gold, it’s like digital versus analog, Blockbuster versus Netflix. Bitcoin’s better at being gold than gold is.”

Other Experts Prefer Bitcoin Over Gold

Roberts is not the only expert who prefers Bitcoin over gold. Other professionals and experts from the crypto community and the broader financial sector claim that Bitcoin is a better asset class, a market leader, and a new global monetary system.

Ark Invest CEO Cathie Wood has stated that Bitcoin is a new asset class and a hedge against inflation and deflation. She believes that the younger generation would prefer to hold Bitcoin rather than gold, as Bitcoin is a new asset not associated with institutions as much as gold.

Other high-profile proponents of the idea that Bitcoin is better than gold include Coinbase CEO Brian Armstrong, Pantera Capital founder Dan Morehead, Bitwise CIO Matthew Hougan, and others.

Tips for Investors

  • Consider the long-term potential of Bitcoin as a safe-haven asset.
  • Monitor the market capitalization of Bitcoin and its growth potential.
  • Keep an eye on institutional investments in Bitcoin and its impact on the market.

For more news on cryptocurrencies and the financial sector, visit Global Crypto News.

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