Bitcoin on Track to Surpass Gold’s Market Cap, Says Billionaire Novogratz
Galaxy Digital CEO Predicts Bitcoin Will Overtake Gold in Global Market Capitalization Within 8 Years
According to billionaire investor Mike Novogratz, CEO of Galaxy Digital, Bitcoin’s market cap—currently sitting at $2.13 trillion—could surpass gold within the next 5 to 8 years. If this prediction holds, it would represent one of the most significant shifts in global asset allocation since the rise of fiat currencies.
A New Era in Asset Allocation
Novogratz’s comments, shared via X (formerly Twitter), are gaining traction across institutional circles. His forecast suggests that digital assets are not only here to stay but are set to challenge gold’s centuries-old role as the world’s ultimate store of value.
Gold’s current market cap is estimated at around $15 trillion. That places Bitcoin’s present cap at roughly 14% of gold’s valuation—a gap Novogratz believes will narrow dramatically over the next decade.
“Bitcoin could overtake gold’s market capitalization within the next 5–8 years.” – Mike Novogratz, CEO, Galaxy Digital
Institutional Money Watching Closely
Should Novogratz’s projection come to pass, it could force a massive rebalancing of global investment portfolios. Institutional investors may increasingly shift allocations from traditional assets like gold and bonds to cryptocurrencies, particularly Bitcoin.
This pivot is already underway. Increased participation by hedge funds, asset managers, and even sovereign wealth funds has contributed to Bitcoin’s meteoric rise in value over the past two years. Experts believe Novogratz’s comments may further legitimize the digital asset class.
Crypto Adoption Momentum Echoes Past Bull Runs
This isn’t the first time institutional sentiment has sparked a bullish wave. Analysts point to previous cycles—such as in 2017 and 2021—where positive outlooks from prominent investors preceded major surges in crypto prices.
Bitcoin’s positioning as “digital gold” continues to resonate, particularly among younger investors and those in countries facing currency instability. As Bitcoin gains more recognition in financial policy discussions and global economic forums, the path to surpassing gold’s market cap seems increasingly viable.
Caption: Image of Mike Novogratz speaking at a blockchain event, representing Galaxy Digital’s strategic outlook on Bitcoin.
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