‘OG’ Bitcoin Supporter Says Crypto Will Surpass Gold And Oil – Details

An original Bitcoin supporter made a bold prediction that the demand for Bitcoin would skyrocket, positioning the cryptocurrency to surpass gold, the US dollar, and oil in the near future. ShapeShift CEO Erik Voorhees, an early Bitcoin investor, shared his belief that Bitcoin has the potential to outshine other traditional assets due to its limited supply. He contrasted this with gold, oil, and the US dollar, which can be produced in larger quantities when demand increases. Voorhees emphasized that Bitcoin’s supply is capped at 21 million coins, meaning that additional BTC cannot be created. Another Bitcoin advocate, Max Keiser, also suggested that the price of Bitcoin has a correlation with the price of gold. As gold prices rise, Keiser argued, Bitcoin prices are likely to follow suit. These bullish sentiments come as Bitcoin continues to gain traction and surpass previous price records. With over 19 million BTC circulating in the market, analysts speculate that the inevitable growth of Bitcoin will drive its price to exceed six figures.