Cryptocurrency analyst Fred Kruger recently predicted that Bitcoin will achieve a unique position in the global economy within the next 20 years. According to Krueger, Bitcoin goes beyond just being a digital asset and becomes the world’s largest “valuable store.”
“It’s hard for most people to believe, but Bitcoin will be the main repository of value on planet Earth within 20 years,” Kruger said. According to analysts, in this scenario, Bitcoin’s market capitalization reaches $10 billion, with a total of $200 trillion. This will make Bitcoin five times the current market capitalization of gold.
Krueger also notes that this size represents about 50% of the world’s M2 money supply. This means that Bitcoin will become an asset worth more than other individual currencies, Krueger believes. In fact, its value exceeds the total value of the equity and bond markets across the country.
Kruger also highlighted the inequality of generational wealth. “Boomers are hated by millennials because they “buy cheap homes.” But that pales in comparison to the hatred of millennials who bought “cheap Bitcoin.” ” he said.
*This is not investment advice.
