Calling out cryptocurrency Bitcoin as a “better form of money” than fiat currency and gold, crypto exchange Coinbase CEO Brian Armstrong says Bitcoin’s market cap is expected to cross gold in the next 5-10 years, suggesting countries to build Bitcoin reserves. Bitcoin currently has a market cap of nearly $2 trillion while gold’s estimated market cap is $18.5 trillion.
“Bitcoin is a better form of money. It has the decentralization and scarcity of gold, but better divisibility, portability, and (i think) even fungibility. It’s relatively harder to tell if gold is pure, or contains some lead in the middle of the bar,” said Armstrong in a post on X.
Indicating the need for countries to have Bitcoin reserves, he added, “All this leads me to believe that any country with Gold reserves, should be holding at least 11 per cent of that amount in Bitcoin reserves. And I believe in the next 5-10 years Bitcoin’s market cap will likely surpass Gold. So these reserves should grow to exceed Gold.”
Today, Bitcoin’s market cap of ~$2T represents about 11% of gold’s market cap of ~$18T.
Bitcoin is a better form of money. It has the decentralization and scarcity of gold, but better divisibility, portability, and (i think) even fungibility. It’s relatively harder to tell if… https://t.co/DJJxj4EA6n pic.twitter.com/51LSKaU49a
— Brian Armstrong (@brian_armstrong) January 23, 2025
He further said that if the US leads with a Strategic Bitcoin Reserve, many of the G20 (countries) will follow.
Bitcoin exited 2024 hitting the key milestone of $100,000, more than doubling in value. The growth was primarily attributed to the approval of spot Bitcoin ETFs in the US and market optimism surrounding the political climate. As of early January 27, 2025, Bitcoin was trading at approximately $104,000.
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According to experts, Bitcoin’s bull run is likely to continue in 2025 as well.
Alex Thorn of crypto and blockchain company Galaxy Digital predicts that Bitcoin’s price could exceed $150,000 in the first half of 2025 and potentially reach $185,000 by year’s end, according to a research note shared with CNBC.
Similarly, investment firm BlackRock’s CEO Larry Fink in a panel discussion at the World Economic Forum in Davos last week said that if more funds allocate 2 per cent to 5 per cent of their portfolios to Bitcoin,
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