In August 2020, Morgan Creek co-founder Anthony Pompliano said that in the future bitcoin (BTC) will be able to surpass gold in capitalization. At the time, the cryptocurrency’s capitalization was $227 billion, while gold’s was $8 trillion.
This week, Anthony Pompliano reiterated his position. He recalled that over the past four years, that is, since the last halving the value of the virtual currency has increased significantly.
Since 2020, the BTC exchange rate has strengthened from $8,000 to $63,000. Wrong were those experts who periodically predicted the crash of bitcoin. However, you need to realize that BTC is a long-term investment.
According to the co-founder of Morgan Creek, Wall Stoit is gradually shifting to a digital asset.
Institutional investors are beginning to realize the advantages of bitcoin and before gold, which creates conditions for a large-scale reallocation of capital in favor of the first asset, Pompliano stressed.