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Bitcoin vs gold: Is Bitcoin the new gold? Analyst predicts 10x surge within a decade - or even sooner - The Economic Times

Published 12 hours ago4 minute read
Is Bitcoin the new gold? Analyst predicts 10x surge within a decade — or even sooner
Global Desk

Bitcoin recently reached a new high. Analyst @Innerdevcrypto believes Bitcoin could rival gold's market cap in five to ten years. Gold has climbed 35% in the past year. Bitcoin has soared 85%. The analyst advises caution, expecting a potential 30% Bitcoin drop. They also recommended altcoins like HYPE, FARTCOIN, SUI, SOL, and KEETA.


The analyst wrote in an X post, "Bitcoin will hit the same marketcap as gold.....at least I have been convinced of that since the day i really understood bitcoin (at 400$)," adding that, "Still think a x10 from here (within the next 5 to 10 years or sooner) is totally possible," as per @Innerdevcrypto's X post.

The analysis comes as gold has climbed 35% over the past year, and Bitcoin has more than doubled, soaring 85% in the same time period, as reported by The Street. That kind of performance only adds fuel to the idea that Bitcoin, which is also called "digital gold," could one day match or even exceed the precious metal’s roughly $22.549 trillion market cap, as estimated by the Companiesmarketcap report.

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@Innerdevcrypto believes it’s entirely possible for Bitcoin to rise 10x in the next five to ten years, or perhaps even sooner, despite ongoing scepticism, as per The Street. The analyst pointed out that, every time they said Bitcoin would reach $10,000, $100,000, or $1 million, people called them "insane," according to the X post.The analyst even highlighted that, "In a digital globalized world, it is even superior to gold in my humble opinion, but obviously there are still some risks to address," as quoted in the X post. However, @Innerdevcrypto underlined risks related to security and quantum computing that they predict will hopefully be addressed by programmers, according to The Street report.Still, the trader isn’t advising people to blindly hold, as despite their long-term conviction, they warned followers to be ready for a 30% drop in Bitcoin and even sharper declines of 50% or more in altcoins (any cryptocurrency that isn’t BTC), as reported by The Street.

The trader's advice is to not ignore profits, saying, "if you are not rich yet: TAKE OUT ENOUGH. How many cycles does one has to see the same thing happen to finally understand to take out enough on the way up," as quoted in the X post. But the analyst said they would keep holding Bitcoin, as they wrote, "Personally i will just sit back and hold bitcoin, help as many people as i can while knowing that everything is exactly as it should be," as per the X post.

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@Innerdevcrypto also recommended altcoins such as HYPE, FARTCOIN, SUI, SOL, and KEETA, and non-fungible tokens (NFTs) like Pudgy Penguins that have performed well this cycle, as reported by The Street. An NFT is defined as a unique digital asset that represents ownership of a specific item, like art, music, or virtual goods, as explained in the report.
According to analysts like @Innerdevcrypto, Bitcoin could one day match or surpass gold’s approximately $22.5 trillion market cap.


Both are considered stores of value, but Bitcoin is often called digital gold for its scarcity and global accessibility.

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