Galaxy CEO: Bitcoin's market value may surpass gold in 5 to 8 years

Odaily Planet Daily News - Mike Novogratz, founder and CEO of Galaxy Digital, believes that with the record growth momentum of cryptocurrencies, Bitcoin could match and eventually surpass gold's market value within five to eight years.

Novogratz made this prediction in response to an article by Galaxy’s research head Alex Thorn, which highlighted that Bitcoin's market capitalization has reached 14% of gold's $17.80 trillion - a historic high. Thorn's analysis included a chart showing the increasing share of Bitcoin in the gold market capitalization, emphasizing the accelerating growth trend of Bitcoin. (Cryptoslate)