CandleFocus ‘OG’ Bitcoin Supporter Says Crypto Will Surpass Gold And Oil – Details
2024-11-01
Author: Content Editor
An OG Bitcoin advocate predicts that demand for Bitcoin will rapidly increase in the near future, potentially reaching six-figure levels. The advocate believes that Bitcoin is on a trajectory to outshine gold, the US dollar, and other major assets. They argue that unlike other assets, Bitcoin cannot be produced endlessly, as there is a limited supply of 21 million coins. Another Bitcoiner suggests a relationship between the price of gold and Bitcoin, stating that as gold prices rise, so too will Bitcoin prices. Analysts point out that there are currently over 19 million BTC in circulation, stored in cold wallets, with a significant portion owned by Bitcoin EFTs.
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