Gold Bullion International co-founder Dan Tapiero believes that it's only a matter of fourth dimension before Bitcoin'due south (BTC) price surges into the 6-figure threshold.

Speaking to Anthony Pompliano on the Pomp Podcast, Tapiero asserted that in terms of price appreciation, Bitcoin is king, fifty-fifty though he believes investors should ain both golden and Bitcoin:

"In the next five years, I can see gold at $4,000, so that's double. Merely if gold is at $4,000, Bitcoin is probably somewhere between $300,000 and $500,000, then that'southward a 20, 30x."

He went on to add, "I don't really think that anyone in the golden world [...] they are not going to debate that."

Tapiero believes that institutional investors and finance whales are likely to invest betwixt v% and 15% of their portfolios in Bitcoin, and noted that the sector was currently worth $100 trillion:

"That'due south a huge chunk. I mean, 15% of $100 trillion is $15 trillion."

Bitcoin is a hedge for the fiat system, he explained, and in one case its market cap is in the trillions of dollars, information technology volition become easier to handle for larger investors, similar to gold.

But gold is a store of value, and that is only one aspect of what Bitcoin is. Bitcoin is an entire network, and that's why he believes information technology volition be much bigger than gold:

"There is no question that Bitcoin is going to outperform gilded."

Other analysts are similarly bullish about Bitcoin, with Off the Chain Capital chief investment officeholder Brian Estes telling Reuters today that it "is non a stretch" for BTC to surpass $100,000 in one twelvemonth, and predicted that it could go equally high as $288,000 past the end of 2021.

CNBC host Jim Cramer also believes in the future of Bitcoin, as revealed on another podcast with Pompliano. Cramer, who was a Bitcoin skeptic during the 2017 balderdash market, recently stated that he had since realized that Bitcoin is a proficient hedge against inflation and too ane that his kids can empathize:

"I think that my kids, when they get my inheritance, won't experience comfy with gold, and will feel comfortable with crypto."