Is Bitcoin Set to Surpass Gold in Market Cap?
Matrixport Research Head, Markus Thielen, predicts Bitcoin's rise to overtake Gold's market cap
In the latest Matrixport report, they explore the possibility of Bitcoin surpassing Gold in the near future amidst a potential US recession
Both Gold and Bitcoin have served as recession hedges historically
Despite being around for less than 15 years compared to Gold's 6500, Bitcoin is already at 11% of Gold's market cap
Matrixport's report sheds light on how high US debt levels could favor Bitcoin and Gold as safe havens against inflation during economic downturns
Remember 2019, when the US Federal Reserve paused rate hikes for 7 months, Bitcoin surged by 325%. History may repeat itself
Gold has been a trusted asset for millennia, but Bitcoin offers similar benefits without the physical risks.
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