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Bitcoin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/analyst-from-fidelity-projects-bitcoin-gaining-ground-over-gold-as-preferred-investment" rel="noopener noreferrer nofollow">Analyst from Fidelity Projects Bitcoin Gaining Ground Over Gold as Preferred Investment</a><br></p>
<p style="text-align: justify">A leading analyst from investment heavyweight Fidelity has proposed that <a href="https://en.bitcoinhaber.net/bitcoin-soars-to-21-month-high-amid-etf-excitement-and-market-volatility" rel="noopener noreferrer nofollow">Bitcoin</a> is poised to carve out a significant portion of the market share currently held by gold. This shift is anticipated as investors increasingly recognize Bitcoin’s potential as an investment vehicle. The Fidelity Director of Global Macro, Jurrien Timmer, presented his insights by juxtaposing the valuation of Bitcoin against that of gold, engaging his audience through a social media platform.</p>
<h2 id="comparing-bitcoin-s-market-potential-to-monetary-gold">Comparing Bitcoin’s Market Potential to Monetary Gold</h2>
<p style="text-align: justify">Timmer offered an analysis involving monetary gold—gold that is retained as a financial instrument by central banks and private entities, as opposed to industrial usage. He estimated, with reference to World Gold Council data, that approximately 40% of all above-ground gold is categorized as monetary. Timmer speculates that Bitcoin may eventually command a quarter of the monetary gold market, which presently has a valuation around $6 trillion, with Bitcoin’s own market capitalization at $1 trillion.</p>
<h2 id="prospective-price-target-for-bitcoin">Prospective Price Target for Bitcoin</h2>
<p style="text-align: justify">Should Bitcoin secure a quarter of the $6 trillion monetary gold market, its market cap could reach $1.5 trillion, potentially elevating the price per Bitcoin to an estimated $76,000. Nevertheless, Timmer postulates that the value of gold would be significantly higher by the time Bitcoin achieves such market share, implying an even greater valuation for Bitcoin. The ongoing debate among experts on whether Bitcoin will surpass gold as an investment option continues to garner attention, with recent data reflecting a 9.30% surge in Bitcoin’s price over the last 24 hours, hitting a price point of $56,306.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/analyst-from-fidelity-projects-bitcoin-gaining-ground-over-gold-as-preferred-investment" rel="noopener noreferrer nofollow">Analyst from Fidelity Projects Bitcoin Gaining Ground Over Gold as Preferred Investment</a></h5>

Analyst from Fidelity Projects Bitcoin Gaining Ground Over Gold as Preferred Investment

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