The crypto space has been literally flooded with positive Bitcoin-related predictions in 2019.
Some of them have been revolving around the coin’s potential price, and others involve the mass adoption of crypto which is expected to take place this year.
Now, Mike Novogratz brings another BTC-related forecast.
BTC to surpass gold’s market cap
Mike Novogratz has recently said that BTC can exceed gold’s market cap sometime in the next two decades.
Oracle Times reported that during an interview with Morgan Creek Digital founder Anthony Pompliano, Novogratz said that it’s only a matter of time before the big players such as Goldman Sachs and Intercontinental Exchange enter the space.
So, this is the main potential trigger which could boost Bitcoin and other digital assets to the moon – institutional money.
This idea has been repeated in the crypto space by various analysts not only him.
“I know Goldman, for instance, is gearing up around securities tokens. They’re not doing anything yet, but they’re getting ready and looking at all the questions on – where would you store them? Do you have to build your own custody, or can you use someone else’s custody? How to get them to work,” he said.
Novogratz continued and explained “Listen, the regulatory framework isn’t there yet on security tokens. We’re working hard on our security token business, and we’ve got, I think, some cool things in the hopper.”
BTC to surge significantly in the next two decades
Novogratz is a believer in the massive BTC potential, and he said that in the future everyone would be holding BTC in their portfolio.
He said that BTC would surpass the market cap of gold which is somewhere between $7.5 and $8 trillion.
He made sure to highlight that this will not happen this year or the next, but it will definitely become a reality in the next 20 years.