By the time bitcoin reaches the $1 million mark, its market capitalization will surpass gold.
In 2004, before the advent of gold ETFs, gold had a market capitalization of $1 trillion. Today, it has grown to $17.8 trillion, of which about $16.8 trillion is in demand as a safe haven asset and inflation protection.
Bitcoin's current capitalization is $2 trillion, and it could grow by 750% if demand for gold starts to shift to BTC.
With inflation factored in, the question is not whether bitcoin will reach $1 million, but when it will happen.
By the time bitcoin reaches the $1 million mark, its market capitalization will surpass gold.
In 2004, before the advent of gold ETFs, gold had a market capitalization of $1 trillion. Today, it has grown to $17.8 trillion, of which about $16.8 trillion is in demand as a safe haven asset and inflation protection.
Bitcoin's current capitalization is $2 trillion, and it could grow by 750% if demand for gold starts to shift to BTC.
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