Saifedean Ammous: Bitcoin volatility will fall below gold, market cap to overtake metal
- —Ammous: BTC volatility will fall below gold's and its market cap will overtake the metal
- —Bitcoin market cap is $1.6 trillion versus about $29 trillion for gold
- —Bitcoin needs an 18x market cap increase to overtake gold
- —Dispute with Prof. Lawrence White: fixed supply makes BTC too volatile as a medium of exchange
Why it matters: The monetization thesis supports the long-term bull case for BTC, though stablecoins still outpace bitcoin in transaction volumes.
Source: CryptoHamster