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Adam Back, CEO of Blockstream and a prominent figure in the cryptocurrency industry, recently took to X to share a bold prediction about Bitcoin’s future. He pointed out that one Bitcoin is approximately ten times scarcer than one kilogram of gold, making its current valuation similar to the precious metal.
Back suggested that this discrepancy in scarcity will soon lead to a significant repricing of Bitcoin. In his view, Bitcoin is poised to surpass gold’s value within the current market cycle, potentially reaching parity with the equivalent of 10 kilograms of gold per Bitcoin.
This forecast is in line with the growing sentiment among cryptocurrency enthusiasts that Bitcoin will soon replace gold as a preferred store of value. With its limited supply and increasing adoption, Bitcoin seems ready to cement its position as a digital alternative to gold.
