{"id":30982,"date":"2023-10-14T23:57:33","date_gmt":"2023-10-15T03:57:33","guid":{"rendered":"https:\/\/cryptocornercafe.com\/cafe\/?p=30982"},"modified":"2023-10-14T23:57:33","modified_gmt":"2023-10-15T03:57:33","slug":"crypto-analyst-bitcoin-to-surpass-gold-and-silver-within-a-decade","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/10\/14\/crypto-analyst-bitcoin-to-surpass-gold-and-silver-within-a-decade\/","title":{"rendered":"Crypto Analyst: Bitcoin To Surpass Gold And Silver Within A Decade"},"content":{"rendered":"

On Tuesday, an anonymous crypto analyst from a popular YouTube channel InvestAnswer shared<\/a> more light on the future of Bitcoin. The analyst revealed that Bitcoin (BTC)<\/a> is set to surpass both Gold and Silver in market capitalization in no more than a decade.<\/p>\n

BTC Is A Safer Haven Than Gold And Silver<\/h2>\n

Over the years, Bitcoin has been regarded as digital gold<\/a> due to the fact that the cryptocurrency offers the same benefits as gold with even additional features. In times of economic and political turbulence, BTC has been seen as a safe haven.<\/p>\n

In the YouTube video, the crypto analyst was able to highlight the underlying difference between Bitcoin and Gold, since Silver is no longer a safe haven and gold has been a more reliable precious metal than Silver.<\/p>\n

According to the crypto analyst, there has been distraught among the crypto community on the idea of whether the paper versions of gold and Bitcoin can change their real-world prices and potential price manipulations by financial giants such as JPMorgan<\/a> and Blackrock.<\/a>\u00a0<\/p>\n

However, the analyst was kind to shed more light on the growing issue in the YouTube video. He said, \u201cFor gold, it\u2019s impossible to know if there is a gold backing to the paper that exists, which makes things very risky. On the other hand with Bitcoin, it\u2019s much easier to prove and check making it much more trustworthy.\u201d<\/p>\n

In addition, the analyst stated that he strongly believes that Bitcoin will surpass Gold<\/a> in 8-10 years, not just because of the preceding reasons but because the cryptocurrency can be so easy to verify.<\/p>\n

\u201cBelieve me, forget the other 20 advantages that Bitcoin has over gold. I believe Bitcoin will smash gold performance over the next 8 to 10 years because you can verify. Therefore, I know a lot of people are worried about paper and manipulation by the JPMorgan and the BlackRocks of the world but they can\u2019t because it can be so easily verified.\u201d he stated.<\/p>\n

Another crypto analyst David Waugh, the lead analyst of Coinbits, has also backed the cryptocurrency. According to the analyst, Bitcoin\u2019s technological developments make it a superior asset over gold.<\/p>\n

He further added that the crypto\u2019s improvements in divisibility, portability, durability, verifiability, and scarcity make the digital asset a more efficient and reliable store of value.<\/p>\n\n

Grayscale Bitcoin ETF Approval Sparks Momentum<\/h2>\n

Recently, the United States Securities and Exchange Commission (SEC) has been given less than a day<\/a> to file an appeal on the Grayscale plan to convert GBTC into a Bitcoin ETF or will be forced to approve the company\u2019s plan.<\/p>\n

If the SEC fails to file an appeal before the end of the day, it could spark a possible bullish run in the crypto market as it means it is not contesting Grayscale\u2019s win.<\/p>\n

Currently, Grayscale owns a significant amount of BTC, which it holds in trust and offers investors shares of the cryptocurrency as GBTC. If the company wins the case with the SEC, it could signal a possible bullish run for Bitcoin.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

On Tuesday, an anonymous crypto analyst from a popular YouTube channel InvestAnswer shared<\/a> more light on the future of Bitcoin. The analyst revealed that Bitcoin (BTC)<\/a> is set to surpass both Gold and Silver in market capitalization in no more than a decade.<\/p>\n

BTC Is A Safer Haven Than Gold And Silver<\/h2>\n

Over the years, Bitcoin has been regarded as digital gold<\/a> due to the fact that the cryptocurrency offers the same benefits as gold with even additional features. In times of economic and political turbulence, BTC has been seen as a safe haven.<\/p>\n

In the YouTube video, the crypto analyst was able to highlight the underlying difference between Bitcoin and Gold, since Silver is no longer a safe haven and gold has been a more reliable precious metal than Silver.<\/p>\n

According to the crypto analyst, there has been distraught among the crypto community on the idea of whether the paper versions of gold and Bitcoin can change their real-world prices and potential price manipulations by financial giants such as JPMorgan<\/a> and Blackrock.<\/a>\u00a0<\/p>\n

However, the analyst was kind to shed more light on the growing issue in the YouTube video. He said, \u201cFor gold, it\u2019s impossible to know if there is a gold backing to the paper that exists, which makes things very risky. On the other hand with Bitcoin, it\u2019s much easier to prove and check making it much more trustworthy.\u201d<\/p>\n

In addition, the analyst stated that he strongly believes that Bitcoin will surpass Gold<\/a> in 8-10 years, not just because of the preceding reasons but because the cryptocurrency can be so easy to verify.<\/p>\n

\u201cBelieve me, forget the other 20 advantages that Bitcoin has over gold. I believe Bitcoin will smash gold performance over the next 8 to 10 years because you can verify. Therefore, I know a lot of people are worried about paper and manipulation by the JPMorgan and the BlackRocks of the world but they can\u2019t because it can be so easily verified.\u201d he stated.<\/p>\n

Another crypto analyst David Waugh, the lead analyst of Coinbits, has also backed the cryptocurrency. According to the analyst, Bitcoin\u2019s technological developments make it a superior asset over gold.<\/p>\n

He further added that the crypto\u2019s improvements in divisibility, portability, durability, verifiability, and scarcity make the digital asset a more efficient and reliable store of value.<\/p>\n

Grayscale Bitcoin ETF Approval Sparks Momentum<\/h2>\n

Recently, the United States Securities and Exchange Commission (SEC) has been given less than a day<\/a> to file an appeal on the Grayscale plan to convert GBTC into a Bitcoin ETF or will be forced to approve the company\u2019s plan.<\/p>\n

If the SEC fails to file an appeal before the end of the day, it could spark a possible bullish run in the crypto market as it means it is not contesting Grayscale\u2019s win.<\/p>\n

Currently, Grayscale owns a significant amount of BTC, which it holds in trust and offers investors shares of the cryptocurrency as GBTC. If the company wins the case with the SEC, it could signal a possible bullish run for Bitcoin.<\/p>\n

<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-30982","post","type-post","status-publish","format-standard","hentry","category-blockchain"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/30982","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/comments?post=30982"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/30982\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=30982"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=30982"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=30982"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}