Saifedean Ammous, author of “The Bitcoin Standard,” argues that Bitcoin already functions as a store of value and will become less volatile as it matures, eventually surpassing gold’s market capitalization. Professor Lawrence H. White contends that Bitcoin’s fixed supply makes it too volatile to serve as a medium of exchange, noting that stablecoins have captured its transaction volume. Bitwise predicts Bitcoin will reach $1 million by 2029, matching gold’s current market capitalization. Bitcoin’s current market cap stands at $1.6 trillion compared to gold’s nearly $29 trillion, requiring at least 18-fold growth to overtake the precious metal.
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