Bitcoin’s value is equivalent to 11% of gold’s market value

Brian Armstrong, CEO of the cryptocurrency platform Coinbase, said that the market value of Bitcoin, which is the most famous cryptocurrency in the world, will exceed the market value of the yellow metal “gold” in the near future within a period ranging from 5 to 10 years. He pointed out that Bitcoin is considered a “better form of money” compared to gold.

The CEO of the cryptocurrency platform Coinbase called for the inclusion of the most popular cryptocurrency “Bitcoin” in the strategic reserves of the United States, explaining that the impact of this move may extend to other countries.

Armstrong added in a post published on his account on the social networking site X that the current market value of the currency is about two trillion dollars, equivalent to about 11% of the market value of gold, which is estimated at about 18 trillion dollars.

Armstrong stressed that Bitcoin is a better form of money, as it has important advantages such as decentralization and scarcity like gold, in addition to its greater divisibility, transferability and fungibility, adding that determining the purity of gold can sometimes be difficult, as it may contain some impurities such as lead. (Arabian Business) Completing his vision, Armstrong indicated that countries that hold gold reserves should consider allocating at least 11% of these reserves to Bitcoin. He expressed his belief that within 5 to 10 years, the market value of Bitcoin is likely to exceed the value of gold, and therefore Bitcoin reserves should grow to outpace gold reserves.