Bitcoin is turning into ‘digital gold’ and there’s a case to be made for the current value surge to proceed to $100,000 by 2021, says Hong Fang, CEO of OKCoin, one of many largest crypto exchanges on the earth.
Fang argues that ought to bitcoin catch as much as even 25% of gold’s international market capitalization of $9 trillion, that determine would quantity to a value vary for BTC of $80,000 to $100,000.
OKCoin platform: https://www.okcoin.com/?channelFlag=ACC01500431&utm_source=kitco&utm_medium=video&utm_campaign=gold
0:00 – Case for $100,000 bitcoin
3:33 – The trail to larger value
7:05 – Gold vs. bitcoin correlation
9:00 – Bitcoin and gold comparability
12:09 – Asset allocation
15:44 – Authorities and crypto
18:50 – OkCoin
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