Founders

Daniel Roberts, CEO and founder of IREN, has predicted that Bitcoin (BTC) will surpass gold in market value by 2030.

With gold hitting a new high of $2,848 per ounce, Roberts believes that Bitcoin will need to reach at least $900,000 to reach gold in market value.

He sees Bitcoin as a digital, improved version of gold that is easier to transfer and divide.

This view has been echoed by other prominent figures such as Cathie Wood, CEO of Ark Invest, billionaire entrepreneur Mark Cuban, and Federal Reserve Chairman Jerome Powell.

Gold currently has a market value of $19.3 trillion, while Bitcoin has a market value of $1.95 trillion.

Bitcoin's potential to surpass gold in market value by 2030 is gaining significant traction among industry experts. With its digital advantages and growing adoption, reaching $900,000 seems plausible. The comparison reflects a shifting perception of value storage, with Bitcoin emerging as a formidable contender to traditional assets like gold. It will be fascinating to witness how this narrative unfolds in the coming years.