Crypto analyst Jamie Coutts predicts that cryptocurrencies will significantly outperform gold in the coming years.
Gold’s Underperformance
Coutts believes that gold will not match the expected 2-3x increase in market capitalization that crypto is expected to experience in this market cycle. He attributes this to the emergence of crypto as a “new asset class.”
Comparison to the Stock Market Boom
Coutts compares the current crypto market to the stock market boom of the early 1980s. He suggests that millennials may experience similar financial success with crypto as baby boomers did with equities investments.
Bitcoin as an Antidote to Economic Issues
Coutts views Bitcoin as a solution to the current era of debt and inflation. He believes it is a “new form of hard money” that is fair, transparent, and self-custodial.
Current Market Conditions
At the time of writing, Bitcoin is trading at $64,342.
