Okay im looking at marketcaps to compare and see where markets can go.
Billionaire Peter Schiff saying gold can go to £3000 per oz but gold market cap now is above $11trillion at around $1700 per oz of gold now. So if Gold doubles in price to $3000 per oz then realistically can gold marketcap double to $22 trillion in a short time frame? I ask because it took gold tens of thousands of years to reach $11trillion marketcap today. If it took so long for gold to reach $11 trillion then why should a marketcap of any market double it in such a short amount of time?
So based on marketcap can bitcoin double its marketcap in short time to $2 trillion resulting in $100k per btc this year?
Realistically I expect gold to touch $5,000 (£3,567) per oz sometime soon. With fiat currencies losing their purchasing power at such a rapid rate, assets such as gold, platinum, silver and Bitcoin would definitely go up in demand. But I am not sure whether the governments will allow that. It may sound draconian now, but the authorities can go for wealth confiscation in order to cover debt repayments (similar to what Cyprus did in 2013)