PANews reported on December 18 that according to Cryptoslate, Galaxy Digital founder and CEO Mike Novogratz believes that with the record growth momentum of cryptocurrencies, Bitcoin (BTC) may match and eventually exceed the market value of gold in five to eight years. Novogratz made this prediction in response to an article by Galaxy research director Alex Thorn, which emphasized that Bitcoin's market value has reached 14% of gold's $17.8 trillion-a record high. Thorn's analysis was accompanied by a chart showing Bitcoin's increasing share of the gold market capitalization, emphasizing Bitcoin's accelerated growth.
Galaxy CEO: Bitcoin market value may surpass gold in 5 to 8 years
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