Bitcoin is becoming 'digital gold' and there is a case to be made for the recent price surge to continue to $100,000 by 2021, says Hong Fang, CEO of OKCoin, one of the largest crypto exchanges in the world.
Fang argues that should bitcoin catch up to even 25% of gold's global market capitalization of $9 trillion, that figure would amount to a price range for BTC of $80,000 to $100,000.
0:00 - Case for $100,000 bitcoin
3:33 - The path to higher price
7:05 - Gold vs. bitcoin correlation
9:00 - Bitcoin and gold comparison
12:09 - Asset allocation
15:44 - Government and crypto
18:50 - OkCoin
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Fang argues that should bitcoin catch up to even 25% of gold's global market capitalization of $9 trillion, that figure would amount to a price range for BTC of $80,000 to $100,000.
0:00 - Case for $100,000 bitcoin
3:33 - The path to higher price
7:05 - Gold vs. bitcoin correlation
9:00 - Bitcoin and gold comparison
12:09 - Asset allocation
15:44 - Government and crypto
18:50 - OkCoin
__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
Subscribe to our channel to stay up to date on the latest insights moving the metals markets.
For more breaking news, visit
Follow us on social media:
Facebook - KitcoNews/?ref=br_rs
Twitter - kitconewsnow
Google+: u/0/116266490328854474588
StockTwits - kitconews
Live gold price and charts: gold-price-today-usa/
Live silver price and charts: silver-price-today-usa/
Don’t forget to sign up for Kitco News’ Weekly Roundup – comes out every Friday to recap the hottest stories & videos of the week: subscription/newsletter.html
Join the conversation @ The Kitco Forums and be part of the premier online community for precious metals investors: https://gold-forum.kitco.com/
Disclaimer: Videos are not trading advice and the views expressed may not reflect those of Kitco Metals Inc.
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