Former PayPal President: If Bitcoin's value equals that of gold, it's only a matter of time before its price surpasses seven figures
ChainCatcher news, former PayPal president and Lightspark co-founder and CEO David Marcus posted on X, reminding the community that if bitcoin's value were equivalent to gold, the price of one bitcoin could reach $1.3 million. Now, bitcoin is already a better store of value, and its payment utility has not yet been factored into the price. Breaking through the seven-figure price mark is only a matter of time.
It is reported that, possibly driven by the ongoing US government shutdown deadlock and expectations of interest rate cuts, both gold and bitcoin prices have recently reached all-time highs.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Hyundai builds vehicles for Waymo: hoping autonomous taxis will offset the impact of slowing EV demand
Hyundai aims to offset the slowdown in electric vehicle demand by introducing driverless taxis.
Qatar Energy chief refutes Besent: The Strait of Hormuz will never be "worthless"
Qatar's Minister of Energy, Saad Al Kaabi, stated that US Treasury Secretary Scott Besent's claim that the Strait of Hormuz will become "worthless" within two years is "incorrect."
Stacks crypto jumps 13% – Could STX bulls extend the price rally?
Crypto prices
More
