“Bitcoin is “gold 2.0” and will one day surpass gold’s market value of around $10 trillion. In fact, given that it is the next generation of gold, Bitcoin will likely double gold’s market value and hit $20 trillion or more, implying $1 million a coin if close to 21 million coins are mined,” stated Fried.
Fried believes that Bitcoin's recent gain is just the beginning and that the asset has a lot of room for growth. He also claimed that the market capitalization of Bitcoin would eventually surpass that of the whole US economy. He relates the asset's expected rise to reasons such as increased adoption and the 21million coin cap.
