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Cryptocurrency analyst Fred Krueger recently predicted that Bitcoin will achieve a unique position in the global economy within the next 20 years. According to Krueger, Bitcoin will go beyond being a mere digital asset and become the largest “store of value” in the world.
“It’s hard for most people to believe, but Bitcoin will likely become the primary store of value on planet Earth within 20 years,” Krueger said. According to the analyst, in this scenario, Bitcoin’s market capitalization would reach $10 billion, with its total value reaching $200 trillion. This would make Bitcoin five times the current market capitalization of gold.
Krueger also notes that this size equates to approximately 50% of the global M2 money supply. This means Bitcoin will become an asset more valuable than any other individual currency, Krueger believes. In fact, its value will surpass the combined value of entire countries’ stock and bond markets.
Krueger also highlighted the generational wealth inequality. “Boomers are hated by millennials for ‘buying cheap houses.’ But that pales in comparison to the hatred Gen Z will feel for millennials who bought ‘cheap Bitcoin,’” he said.
*This is not investment advice.
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