Here's Bitcoin's Only Path to $300,000
— Billion, Bitcoins, Today, Trillion, Gold, Remittances, Price, Bitcoin, Heres, Path — 1 min read
Bitcoin's market cap today of $380 billion is roughly 3% of the $12.5 trillion of gold in the world. Bitcoin's most promising use case is that it continues to become more popular as a legitimate store of value, or digital gold. Bitcoin is divisible and easier to store than gold, and it can be used in transactions, a characteristic gold doesn't have. The price of one Bitcoin at that point easily eclipses $300,000. And that would equate to a monster 15-fold return. Bitcoin's biggest hope is to find a place in a greater number of investment portfolios to own Bitcoin. And if Bitcoin can become a reasonable substitute for owning gold, an honest target is an honest term over the long term. Source