U.Today - Tether’s strategic advisor Gabor Gurbacs has taken to his X account to discuss the prospects Bitcoin may have in the next few years. He has shared his bullish opinion with the community, drawing parallels to another popular safe haven asset — gold.

card

Bitcoin may add trillions of dollars, Gurbacs hints

Gurbacs reminded the crypto community that over the past three years, gold’s market capitalization has increased by $10 trillion, and now it stands at $21.173 trillion in total. Back in 2023, it equaled $14.66 trillion.

Referring to his earlier forecasts about the potential gold market cap growth achieved a few years ago, Gabor Gurbacs stated that nobody believed his prediction when he said “gold can double and add $10 Trillion in value.”

Now, he has applied the same prediction principle to digital gold — Bitcoin. Gurbacs believes that assets with large capitalization size “can move at size,” adding that “capital inflow and mcap isn’t a linear relationship.” This is why, he stated, he is certain that Bitcoin’s market cap can get a significant boost over in its next phase: “This makes me bullish on Bitcoin’s next phase.”

Bitcoin to $13 million? Saylor believes so

This can imply that Bitcoin’s market capitalization value may add a few trillion dollars. Other influencers would find this bet a little conservative. Michael Saylor, the renowned Bitcoin evangelist who spearheads Strategy, said in an interview recently that he believes in 21 years, Bitcoin will steal part of gold’s market share and will cost $13 million per coin.

Following his strategy, the company continues to stack Sats. On March 31, it announced a mammoth purchase of nearly $2 billion worth of Bitcoin after raising this amount from investors.

This article was originally published on U.Today