Will Bitcoin's market cap exceed gold's by end of 2024?
Yes • 50%
No • 50%
The outcome will be determined using market capitalization data from CoinMarketCap and gold market data from financial institutions
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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Exceeds Nvidia's market cap • 25%
Exceeds Apple's market cap • 25%
Exceeds Amazon's market cap • 25%
Does not exceed any • 25%
Higher than Apple • 25%
Higher than Google • 25%
Higher than Amazon • 25%
None of the above • 25%
Bitcoin price is more than gold's price • 25%
Bitcoin price is equal to gold's price • 25%
Bitcoin price is less than half of gold's price • 25%
Bitcoin price is between half and equal to gold's price • 25%
3rd to 5th • 25%
1st • 25%
2nd • 25%
Below 5th • 25%