May 1, 2024

Bitcoin will inevitably exceed gold capitalization

Bitcoin will inevitably exceed gold capitalization

Billionaire and founder of the Galaxy Digital crypto bank Mike Novogratz said in a CNBC commentary that capitalizationthe first cryptocurrency will inevitably reach and exceed the total market value of gold.

The investor is shocked by the pace of digital asset adoption. He also admitted his previous forecast for the price of the first cryptocurrency of $ 60,000 too conservative.

"Bitcoin is on the inevitable road to reaching and exceeding gold capitalization", - said Novogratz.

According to CompaniesMarketCap, at the time of writing, the total market value of gold is$10.8 trillion. According to CoinGecko, the capitalization of the first cryptocurrency exceeds$ 1.1 trillion.

In early March, Novogratz predicted a rise in pricesbitcoin to $ 100,000 by the end of 2021, if other companies follow Tesla's lead - an electric car maker disclosed a $ 1.5 billion investment in digital gold.

At the end of March, a popular cryptocurrency analystWillie Wu called selling bitcoin "madness" right now. In his opinion, in 2021, the first cryptocurrency will face the final “explosive bull rally” for a three-year growth.

Where is it more profitable to buy bitcoin? TOP-5 exchanges

For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.

The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

Rating of cryptocurrency exchanges:

# Exchange: Website: Rating:
1 Binance (Editor's Choice) https://binance.com 9.7
2 Bybit https://bybit.com 7.5
3 OKEx https://okex.com 7.1
4 Exmo https://exmo.me 6.9
5 Huobi https://huobi.com 6.5

The criteria by which the rating is set in our rating of crypto-exchanges:

  • Work reliability— stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
  • Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
  • Feedback and support– we analyze user reviews and the quality of technical support.
  • Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
  • Platform Features– availability of additional features — futures, options, staking, etc.
  • final grade– the average number of points for all indicators determines the place in the ranking.

Bitcoin will inevitably exceed gold capitalization

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