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Crypto trader Cobie: It is more reasonable for the market value of Bitcoin to reach 5 to 10 times that of gold. It has become an interstellar digital gold that is more scarce than gold.
2024-11-21 06:31:28
Odaily News Well-known cryptocurrency trader Jordan Fish (alias Cobie) posted on the X platform: "Bitcoin's flipping of gold is just a reminder for us to return to rational reality. The multiple it flips is a more interesting question. Perhaps 5-10 times is the fair valuation that is approaching in this process." TheBlock researcher Steven asked in the comment section, "(You mean) the price of a single BTC is between 4 million and 9 million US dollars???" Later, he responded that "This sounds like a good price for BTC." Furthermore, it added: “Honestly, while gold will also face serious competition from competing assets of Bitcoin, Bitcoin is basically interstellar digital gold, so as the writing on the wall predicts, as humans become a multi-planetary species, mineral rocks on Earth, gold investors may choose more superior assets. There are many other gold cases: maybe some future intelligence can make alchemy, or maybe future humans who have conquered the stars will be able to go into space to mine unlimited gold mines. In contrast, it seems unlikely that we will find any Bitcoin in space.” This view was supplemented by information from Matt Huang, co-founder of Paradigm, that a giant asteroid in space has $700 trillion worth of gold.