Bitcoin will soon exceed gold market cap, gold is “pretty much dead” – Scott Melker

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Bitcoin will ‘reverse gold’ in market capitalization once crypto ETFs make it easier for institutions and general investors to own the asset, said Scott Melker, host of ‘The Wolf of All Streets’ podcast .

To me, if you mean 10, 20 years later, Bitcoin is easily a seven-digit asset, Melker told Kitco News presenter David Lin.

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

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

Disclaimer: The opinions 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 the accuracy of the information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is for informational purposes only. This is not a solicitation to trade in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article accept no responsibility for any loss and / or damage resulting from the use of this publication.

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