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Gold vs. Bitcoin: The $100T Question Michael Saylor’s take: sell off U.S. gold, buy Bitcoin, and flip the global financial system. Demonetize gold, he argues, and you erase trillions held by adversaries while potentially pushing Bitcoin to a $100T market cap. But here's the… https://t.co/QTbuKxi4zb
🚨DAN MOREHEAD: BITCOIN DOMINANCE WILL GO DOWN "Bitcoin is amazing. It's done really well, and I think it will go up 10x from here. But I think a larger fraction of the market cap gains from here are gonna be things other than Bitcoin." Source: @dan_pantera… https://t.co/1Lge8CsxLP https://t.co/oLddcWE0nc
BITCOIN VS. THE NEXT WAVE: DAN MOREHEAD’S TAKE Dan Morehead says Bitcoin’s path could mirror Microsoft, projecting a 10x move from here. But here’s the nuance: while BTC is the market’s foundation, the outsized percentage gains could be in newer tokens - where innovation and… https://t.co/hxIEodILCW
Dan Morehead, founder of Pantera Capital, has asserted that Bitcoin surpasses gold as a superior investment. He highlighted that the U.S. holds approximately $600 billion in gold, suggesting that selling just 2% of this could enable the purchase of 120,000 Bitcoins. Morehead believes that Bitcoin could experience a tenfold increase in value, drawing parallels to Microsoft's growth during the tech boom. He acknowledged that while Bitcoin remains a strong asset, the potential for greater gains may lie in alternative cryptocurrencies. Additionally, Larry Fink, CEO of BlackRock, expressed confidence in Bitcoin's underlying technology and its potential as an alternative asset to gold for inflation hedging. The discussion around Bitcoin's role in the financial ecosystem continues to evolve, with various industry leaders weighing in on its future prospects.