As is the fact, Bitcoin remains the top crypto, a coveted position that has earned it the virtue of the most attention-capturing coin in the market. Every other day, an influential crypto expert comes up with an interesting opinion about Bitcoin, and the crypto community is always thankful to digest the information.
The latest opinion about the pioneer cryptocurrency comes from one of the most influential and big crypto investors in the world.
It’s Mike Novogratz of Galaxy Digital, and he has a few facts to share about Bitcoin. In his opinion, Bitcoin’s next destination is replacing Gold as a store of value. Mike was speaking at an interview with Antony Pompliano of Morgan Creek Digital.
According to Mike, Bitcoin’s win over Gold isn’t something that will happen overnight, but rather over a period of time. Mike gave an estimate of 20 years as the period within which Bitcoin will have surpassed Gold’s total market cap of about $7.5 trillion.
To put his point across, Mike went ahead to note that institutional investors are just realizing that the expanding crypto industry could be a great place to invest. They’re getting in by the numbers, and this trend won’t be slowing down any time soon. He mentioned Goldman Sachs and ICE as some of the institutional investors delving in cryptos.
Smart Traders Should Keep Something In Bitcoin
Going forth, Mike had a word of advice for any smart investor out there. In his opinion, any smart investor worth their salt should consider allocating a small percentage of their investment portfolio to Bitcoin.