IREN CEO Daniel Roberts predicts that Bitcoin will surpass gold’s market capitalization by 2030, reaching a value of $1 trillion, due to its scarcity, ease of transfer, and divisibility. The current gold price is at an all-time high of $2,848 per ounce. With the gold market cap standing at $19.3 trillion, Bitcoin needs to reach a price increase of at least 10 times to catch up. Several high-profile experts, including Cathie Wood and Mark Cuban, have also expressed their preference for Bitcoin over gold, citing its potential as a new global monetary system and hedge against inflation and deflation.
Source: https://crypto.news/iren-ceo-bitcoin-will-beat-gold-by-2030