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Saturday, November 26, 2022
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Bitcoin will surpass gold’s market cap soon, gold is ‘pretty much dead’ – Scott Melker


Bitcoin is going to “flip gold” in market capitalization once crypto ETFs make it even easier for institutions and generalist investors to own the asset, said Scott Melker, host of “The Wolf of All Streets” podcast.

“For me, if you’re talking about 10, 20 years down the road, Bitcoin is easily a seven-figure asset,” Melker told David Lin, anchor for Kitco News.

In the intermediate term, it would take only some more retail buying pressure to push the Bitcoin price into six-figure territory by next year, Melker said.

For more information on Bitcoin’s key drivers, watch the video above. Follow David Lin on Twitter: @davidlin_TV (https://twitter.com/davidlin_TV).

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.


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