Market
How will Bitcoin's price compare to gold by mid-2025?
5
Resolution / Starting Odds
Bitcoin price is less than half of gold's price • 25%
Bitcoin price is between half and equal to gold's price • 25%
Bitcoin price is equal to gold's price • 25%
Bitcoin price is more than gold's price • 25%
The outcome will be determined using price data from major cryptocurrency exchanges and gold price data from financial institutions
Story
U.S. Treasury Labels Bitcoin 'Digital Gold', CZ Predicts $1M Price Target
Dec 9, 2024, 05:34 PM
The U.S. Treasury has officially recognized Bitcoin as 'digital gold' in its latest report, highlighting its role as a store of value similar to traditional gold. This acknowledgment comes amidst growing interest in cryptocurrencies, with former Commodity Futures Trading Commission (CFTC) Chairman Chris Giancarlo also describing Bitcoin as 'digital gold' and an idea whose time has come. Additionally, Changpeng Zhao (CZ), the former CEO of Binance, has argued that Bitcoin's market capitalization should exceed that of gold, which currently stands at $16 trillion, suggesting a potential $1 million price target for Bitcoin.
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Similar markets
Above 5:1 • 25%
5:1 • 25%
2:1 • 25%
1:1 • 25%
Neither is a hedge • 25%
Both perform equally • 25%
Gold outperforms Bitcoin • 25%
Bitcoin outperforms gold • 25%
Above $1,000,000 • 25%
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