Markets· ★★· bullish·

Ammous: Bitcoin will surpass gold's market cap and become less volatile

  • —Bitcoin's volatility versus gold fell from 9.4x in March 2018 to 1.52x in early October
  • —White says fixed supply cannot adjust to demand, and stablecoins are now used far more for payments
  • —Ammous argues holding bitcoin counts as using it as money
  • —Bloomberg analyst Balchunas expects bitcoin funds to eventually hold three times the assets of gold funds
Why it matters: The declining-volatility argument supports the case for bitcoin as a store of value as institutional demand grows.
#BTC
Source: Crypto Insiders
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