Tom Lee, a big name in the world of finance, thinks Bitcoin could become way more valuable than gold. He predicts Bitcoin’s market value could skyrocket over 1,100% from where it is now, reaching a whopping $16 trillion.
Why Bitcoin Could Be Better Than Gold
Lee believes investors will choose Bitcoin over gold because it’s a more practical way to protect their money in tough times. He argues that gold is mostly valuable because people see it as a safe haven when things get crazy. But Bitcoin is even better, he says, because it’s easier to carry around and use.
“Imagine you need to carry a million dollars worth of gold,” Lee said. “You’d need a couple of friends to help you! But you can carry a million dollars worth of Bitcoin in your wallet or even just memorize the code.”
Lee also points out that Bitcoin has other uses, like being used as collateral for loans.
Bitcoin’s Current Value
Right now, Bitcoin is trading at around $66,000, with a total market value of about $1.3 trillion.
It’s important to remember that these are just predictions and the future of Bitcoin is uncertain. It’s always a good idea to do your own research before investing in anything, especially something as volatile as cryptocurrencies.
