Bitcoin … a virtual currency that threatens the throne of gold

With Bitcoin’s virtual currency crossing the $ 38,000 barrier, the total market value of cryptocurrencies exceeded $ 1 trillion for the first time, and experts believe that the accelerating Bitcoin leaps are caused by investors’ continued bet on the world’s first virtual currency to become a popular asset.

Given the amount of financial investment in the yellow metal, the displacement of gold as an alternative currency means a skyrocketing Bitcoin later on; As the digital currency is likely to outperform gold after the new millennial generation becomes the most important component of the investment market over time, in preference to digital gold over traditional bullion.

To match the value of gold wealth in gold bars, coins, or ETFs, with market capitalization of $ 575 billion, the price of Bitcoin would need to jump nearly 5-fold to reach $ 146,000.