Bitcoin has become a force to reckon with as it is one of the best assets in the world that people can invest this is the reason why we are seeing the movement of Bitcoin on the positive direction I see Bitcoin taking the first place in the nearest future because there is a lot of potentials that Bitcoin holds to anyone who is interested in investing in Bitcoin
Investment in Bitcoin has become one of the fastest growing investments that alot of person's are going into this is because of the acceptance level of Bitcoin which is fueled by the rise in the information about Bitcoin
Bitcoin may rise to number 2 but saying that it will surpass gold and become the world's number 1 asset is unlikely to happen in the near future. The gap between Bitcoin and the top corporations is just $1 trillion. But gold has a market capitalization 10 times that of bitcoin and is likely to continue to rise sharply in the coming years as geopolitical uncertainty increases. It will be a long and challenging road for bitcoin to catch up to gold, let alone surpass it.
The world is moving to bitcoin but central banks are still on the sidelines and this is a big barrier. Bitcoin only has a chance of surpassing gold if it is chosen and held by central banks and governments.
Some countries being against bitcoin certainly doesn’t help speed up the process. I am not expecting bitcoin to cruise through the top assets and surpass gold in no time but there is a possibility that we can’t deny. We have seen what bitcoin can do in a few years time what else can it do in more? Even if bitcoin doesn’t surpass gold, we can always say that bitcoin has become a successful asset.
All countries will never accept Bitcoin together. Some countries will always try to oppose it. If one country accepts it, another one will show negative attitude toward bitcoin. But with time, the acceptability of Bitcoin is increasing. People are now trying to buy more Bitcoin than before. Big countries of the world including America are now planning to reserve Bitcoin. It can be said that the demand for Bitcoin will increase further in the coming days.
According to the gold market price, Bitcoin currently covers about 10%, but this gap will decrease a lot in the future. Gold appeared long ago, while Bitcoin's journey has just begun. However, if we compare it in terms of acceptability, Bitcoin has definitely advanced a lot. If the Bitcoin market is currently about 10% of the gold market, it is not unusual for it to be 40% in the next 1 decade. Especially if some other countries including the United States try to reserve Bitcoin.