Mike Novogratz, founder and CEO of Galaxy Digital, predicts that with the rapid growth of cryptocurrencies, Bitcoin (BTC) could match or even exceed the market value of gold within the next five to eight years. According to an analysis by Galaxy's research director Alex Thorn, the market value of Bitcoin has reached 14% of gold's $17.80 trillion market cap, marking a new all-time high. Thorn's analysis also shows the growing trend of Bitcoin's market share in the gold sector, highlighting the accelerated growth of Bitcoin.

PANews reported on December 18 that according to Cryptoslate, Galaxy Digital founder and CEO Mike Novogratz believes that with the record growth momentum of cryptocurrencies, Bitcoin (BTC) may match and eventually exceed the market value of gold in five to eight years. Novogratz made this prediction in response to an article by Galaxy research director Alex Thorn, which emphasized that Bitcoin's market value has reached 14% of gold's $17.8 trillion-a record high. Thorn's analysis was accompanied by a chart showing Bitcoin's increasing share of the gold market capitalization, emphasizing Bitcoin's accelerated growth.

Galaxy CEO predicts that Bitcoin's market value will surpass that of gold within 5 to 8 years.