Bitcoin Set to Surpass Gold in Market Value, According to SkyBridge Captal Founder

At the Bitcoin 2024 conference in Nashville, Anthony Scaramucci, founder of SkyBridge Capital, projected that Bitcoin will soon eclipse gold in market capitalization.

Scaramucci argued that Bitcoin should be valued similarly to gold, estimating that Bitcoin could overtake gold’s current $15 trillion-$16 trillion market cap within a decade.

His prediction aligns with earlier forecasts by Anthony Pompliano, who also anticipated Bitcoin surpassing gold in under ten years.

Scaramucci also noted the rising trend of Bitcoin adoption among institutional investors. For example, Wisconsin, Jersey City and Michigan’s state pension funds recently revealed substantial investments in Bitcoin through BlackRock’s and Grayscale’s funds, totaling $164 million.

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Additionally, Japan’s Government Pension Investment Fund is exploring Bitcoin as a potential investment, driven by significant economic and technological shifts.

In the corporate sector, DeFi Technologies has joined the trend by purchasing 110 BTC as part of its treasury management strategy.#

This move led to a significant rise in the company’s stock price, highlighting growing interest in Bitcoin among businesses.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.