Dan Tapero, co-founder of Gold Bullion International, thinks it is only a matter of time before the bitcoin (BTC) price rises to the six-digit threshold.

Speaking to Anthony Pompigliano on the Bomb Podcast, Tabiro stated that when it comes to rising prices, Bitcoin is king, although he believes that investors should own both gold and bitcoin:

“Over the next five years, I can see gold at $ 4,000, double that amount. But if gold is at $ 4,000, then Bitcoin is likely to be between $ 300,000 and $ 500,000, which is 20, 30 times.”
He went on to add, “I really don’t think anyone in the golden world […] would discuss this.”

Tapiero believes that institutional investors and financial whales can invest between 5% and 15% of their bitcoin portfolios, noting that the sector is currently valued at $ 100 trillion:

“That’s a big role. I mean, 15% of $ 100 trillion is $ 15 trillion.”
He explained that bitcoin is a hedge of the fiat system, and when the market value reaches trillions of dollars, it will be easier for large investors to deal with, for example, with gold.

But gold is a store of value, and that’s just one aspect of what Bitcoin is. Bitcoin is an entire network, so it is believed that it will be more than just gold:

“There is no doubt that Bitcoin will outperform gold.”
Other analysts are also expressing optimism about Bitcoin, with investment director Brian Estes telling Reuters today that BTC has no chance of exceeding $ 100,000 annually, and predicting it will rise to $ 288,000 by the end of 2021.

CNBC host Jim Kramer also believes in the future of Bitcoin, as shown in another podcast with Pompliano. Kramer, who was skeptical about Bitcoin during the 2017 bull market, recently stated that he has since realized that Bitcoin is a good inflation hedge, and that his children can understand:

“I believe that my children, when they receive my inheritance, will not feel comfortable with gold and will feel comfortable with the cryptocurrency.”

Source: CoinTelegraph