Gold Bullion International co-founder, Dan Tapiero predicts that the price of bitcoin will increase exponentially in the next five years.
“In the next five years, I can see gold at $4000, so that’s double. But if gold is at $4000, bitcoin is probably somewhere between $300,000 and $500,000, so that’s a 20, 30x”.
While speaking to Anthony Pompliano as a guest on Pomp Podcast,Tapiero affirmed that bitcoin will outperform gold because, while bitcoin is a hedge for the fiat system and an entire network, gold is only a store of value.
The current number of bitcoin in circulation is 18,548,306. The last known price of Bitcoin is $19,269.47, still maintaining the $19k mark, and has risen up by 0.07% in the last 24 hours. The Bitcoin trading volume in the last 24 hours is $41B.9.21 The current market capitalization of bitcoin is $358.01B.
Image from Coin Desk
According to Tapiero, institutional investors and financial giants are likely to invest up to $15 trillion, a 15 percent of their portfolio which currently worths $100 trillion into bitcoin.
However, he advised investors to won both gold and bitcoin.
He said that bitcoin will definitely beat gold in performance, adding that nobody in the gold world will debate that fact. “There is no question that bitcoin is going to outperform gold”.